GENERAL MEETINGS: Outcome of Meeting

WAH SEONG CORPORATION BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 23 Jun 2020
Time 03:00 PM

Venue(s)
Broadcasting Venue

Boardroom, Suite 19.01, Level 19,

The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra,

59200 Kuala Lumpur, Wilayah Persekutuan

Malaysia

Outcome of Meeting

The Board of Directors of Wah Seong Corporation Berhad ("Company") wishes to announce that at its Twentieth Annual General Meeting ("20th AGM") held this afternoon, all the ordinary resolutions and special resolution as set out in the Notice of 20th AGM dated 18 May 2020 were duly approved by the shareholders of the Company.

 

All the ordinary resolutions and special resolution were voted by poll and the results of the poll were validated by Coopers Professional Scrutineers Sdn. Bhd., an independent Scrutineer appointed by the Company.

 

The detailed results of the poll are set out in the attachment.

 

This announcement is dated 23 June 2020.


Voting Results


1. Ordinary Resolution 1

Description
To receive and adopt the Audited Financial Statements of the Company and the Group for the financial year ended 31 December 2019 and the Reports of the Directors and Auditors thereon.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 5
No. of Shares 539,315,222 1,488
% of Voted Shares 99.9997 0.0003
Result Accepted

2. Ordinary Resolution 2

Description
To approve the Directors' Fees of RM530,000 and Directors' Meeting Allowances of
RM153,000 payable for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 79 9
No. of Shares 539,396,217 17,476
% of Voted Shares 99.9968 0.0032
Result Accepted

3. Ordinary Resolution 3

Description
To re-elect Dato' Seri Robert Tan Chung Meng as Director who retires pursuant to Clause
116 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 74 12
No. of Shares 532,406,934 264,162
% of Voted Shares 99.9504 0.0496
Result Accepted

4. Ordinary Resolution 4

Description
To re-elect Halim Bin Haji Din as Director who retires pursuant to Clause 116 of the
Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 69 17
No. of Shares 424,729,152 107,941,944
% of Voted Shares 79.7357 20.2643
Result Accepted

5. Ordinary Resolution 5

Description
To re-appoint PricewaterhouseCoopers PLT as Auditors of the Company for the ensuing
year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 81 8
No. of Shares 539,354,285 59,508
% of Voted Shares 99.9890 0.0110
Result Accepted

6. Ordinary Resolution 6

Description
To authorise the Directors to issue and allot shares pursuant to Sections 75 and 76 of the
Companies Act, 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 74 15
No. of Shares 466,539,046 72,874,747
% of Voted Shares 86.4900 13.5100
Result Accepted

7. Ordinary Resolution 7

Description
Proposed Renewal of Authority to Buy-Back its Own Shares by the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 84 5
No. of Shares 539,377,410 36,383
% of Voted Shares 99.9933 0.0067
Result Accepted

8. Ordinary Resolution 8

Description
Proposed Renewal of Shareholders' Mandate for the Existing Recurrent Related Party
Transactions and Provision of Financial Assistance.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 56 10
No. of Shares 115,361,386 1,141,717
% of Voted Shares 99.0200 0.9800
Result Accepted

9. Ordinary Resolution 9

Description
Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions and Provision of Financial Assistance.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 68 9
No. of Shares 456,647,183 931,012
% of Voted Shares 99.7965 0.2035
Result Accepted

10. Ordinary Resolution 10

Description
To retain Halim Bin Haji Din as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 68 17
No. of Shares 424,677,398 107,941,944
% of Voted Shares 79.7338 20.2662
Result Accepted

11. Ordinary Resolution 11

Description
To retain Professor Tan Sri Lin See Yan as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 70 15
No. of Shares 424,677,598 107,941,744
% of Voted Shares 79.7338 20.2662
Result Accepted

12. Special Resolution 1

Description
Proposed Amendment to the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 6
No. of Shares 539,412,205 1,588
% of Voted Shares 99.9997 0.0003
Result Accepted



Please refer attachment below.




Announcement Info

Company Name WAH SEONG CORPORATION BERHAD
Stock Name WASEONG
Date Announced 23 Jun 2020
Category General Meeting
Reference Number GMA-16062020-00005
Corporate Action ID MY200616MEET0004