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Tricor Business Centre, Gemilang Room, Unit 29-01, Level 29, Tower A
Vertical Business Suite, Avenue 3, Bangsar South
No. 8, Jalan Kerinchi, 59200 Kuala Lumpur
Malaysia
Outcome of Meeting
The Board of Directors of Southern Acids (M) Berhad ("SAB" or "the Company") wishes to announce that all the resolutions as set out in the Notice of Forty-Second Annual General Meeting ("42nd AGM") dated 28 July 2023 were duly passed by the shareholders of SAB at the 42nd AGM held today, 30 August 2023.
All the resolutions tabled were approved by way of voting on poll. The results of the poll were validated by Messrs Asia Securities Sdn Berhad, the Independent Scrutineer appointed by the Company.
Voting Results
1. Ordinary Resolution 1
Description
To approve the payment of Single Tier Final Dividend of 5 sen per ordinary share in respect of the financial year ended 31 March 2023
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
107
16
No. of Shares
84,536,775
172,292
% of Voted Shares
99.7966
0.2034
Result
Accepted
2. Ordinary Resolution 2
Description
To approve the payment of Directors fees amounting to RM540,986 for the financial year ended 31 March 2023
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
90
33
No. of Shares
84,540,645
168,422
% of Voted Shares
99.8012
0.1988
Result
Accepted
3. Ordinary Resolution 3
Description
To approve the payment of Directors Benefits up to an amount of RM250,000 for the period from 31 August 2023 until the next AGM of the Company to be held in 2024
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
90
33
No. of Shares
84,541,045
168,022
% of Voted Shares
99.8016
0.1984
Result
Accepted
4. Ordinary Resolution 4
Description
To re-elect Mr Chung Kin Mun who is retiring under Clause 113 of the Company's Constitution, and being eligible, have offered himself for re-election
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
91
32
No. of Shares
84,609,355
99,712
% of Voted Shares
99.8823
0.1177
Result
Accepted
5. Ordinary Resolution 5
Description
To re-elect Mr Stephen Wan Yeng Leong who is retiring under Clause 112 of the Company's Constitution, and being eligible, has offered himself for re-election
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
91
32
No. of Shares
84,609,355
99,712
% of Voted Shares
99.8823
0.1177
Result
Accepted
6. Ordinary Resolution 6
Description
To re-appoint Deloitte PLT as Auditors to hold office until the conclusion of the next AGM at a remuneration to be fixed by the Directors
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
105
18
No. of Shares
84,664,143
44,924
% of Voted Shares
99.9470
0.0530
Result
Accepted
7. Ordinary Resolution 7
Description
To retain Mr Chung Kin Mun as an Independent Non-Executive Director of the Company
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
89
34
No. of Shares
69,126,255
15,582,812
% of Voted Shares
81.6043
18.3957
Result
Accepted
8. Ordinary Resolution 8
Description
To approve the Authority to issue Shares pursuant to Sections 75 and 76 of the Companies Act, 2016
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
94
29
No. of Shares
69,148,557
15,560,510
% of Voted Shares
81.6306
18.3694
Result
Accepted
9. Ordinary Resolution 9
Description
To approve Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature