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General Meetings: Outcome Of Meeting

BackMay 29, 2023
Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 29 May 2023
Time 09:00 AM
Venue(s)

Broadcast Venue at Lot 4.1, 4th Floor

Menara Lien Hoe, No. 8 Persiaran Tropicana

Tropicana Golf & Country Resort

47410 Petaling Jaya, Selangor Darul Ehsan

Malaysia
Outcome of Meeting

The Board of Directors of Hiap Huat Holdings Berhad ("Hiap Huat" or "the Company") is pleased to announce that all the resolutions set out in the Notice of the Thirteenth Annual General Meeting ("13th AGM") dated 28 April 2023 were passed by the shareholders of the Company through live streaming and using remote participation and voting (“RPV”) operated by Mlabs Research Sdn Bhd in Malaysia at the 13th AGM held on 29 May 2023.

 

The results of the poll were validated by Ding Lai Ying, an Independent Scrutineer appointed by the Company.

 

This announcement is dated 29 May 2023.

Voting Results

1. Ordinary Resolution 1
Description

To approve the payment of Directors fees' of up to RM250,000 for the financial year ending 31 December 2023 and other benefits payable of up to RM50,000 commencing from the conclusion of the 13th AGM up to the next AGM of the Company to be divided amongst of the Directors of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 9
No. of Shares 174,656,282 164,500
% of Voted Shares 99.9059 0.0941
Result Accepted

2. Ordinary Resolution 2
Description

To re-elect Dato' Chan Say Hwa as Director, who retires by rotation in accordance with Clause 105(1) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 24 3
No. of Shares 174,692,082 500
% of Voted Shares 99.9997 0.0003
Result Accepted

3. Ordinary Resolution 3
Description

To re-elect Ms. Cheng Mun Mun, who retires in accordance with Clause 114 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 3
No. of Shares 174,820,282 500
% of Voted Shares 99.9997 0.0003
Result Accepted

4. Ordinary Resolution 4
Description

To re-appoint TGS TW 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 28 0
No. of Shares 174,820,782 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5
Description

Authority 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 19 9
No. of Shares 174,782,482 38,300
% of Voted Shares 99.9781 0.0219
Result Accepted

6. Ordinary Resolution 6
Description

Proposed Renewal of Share Buy-Back Authority for the Purchase its Own Ordinary Shares
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 7
No. of Shares 174,815,482 5,300
% of Voted Shares 99.9970 0.0030
Result Accepted

7. Ordinary Resolution 7
Description

Retention of Mr. Woo Yew Tim as Independent Non-Executive Director pursuant to Practice 5.3 of the Malaysian Code on Corporate Governance
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 3 0
No. of Shares 138,998,140 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 7 - Tier 2
Description

Retention of Mr. Woo Yew Tim as Independent Non-Executive Director pursuant to Practice 5.3 of the Malaysian Code on Corporate Governance
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 6
No. of Shares 35,812,959 8,000
% of Voted Shares 99.9777 0.0223
Result Accepted

 

Announcement Info

Company Name HIAP HUAT HOLDINGS BERHAD
Stock Name HHHCORP
Date Announced 29 May 2023
Category General Meeting
Reference Number GMA-26052023-00015
Corporate Action ID MY230526MEET0013