Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
The Board of Directors of Asia Brands Berhad wishes to announce that all of the resolutions as set out in the Notice of the Forty-Eighth Annual General Meeting ("48th AGM") dated 31 July 2023 were duly passed by the shareholders at the 48th AGM held today.
All of the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company.
Details of the results of the polling in respect of all the resolutions at the 48th AGM are set out below.
This announcement is dated 8 September 2023.
Voting Results
1. Resolution 1
Description
To approve the payment of Directors' fees and benefits to the Non-Executive Directors of the Company from the conclusion of the 48th AGM up till the conclusion of the next Annual General Meeting of the Company to be held in 2024
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
21
0
No. of Shares
156,391,426
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
2. Resolution 2
Description
To re-elect Mr. Ng Chin Huat who retires pursuant to Clause 118 of the Company's Constitution
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
21
0
No. of Shares
156,391,426
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
3. Resolution 3
Description
To re-elect Dato' Dr. Lim Weng Khuan who retires pursuant to Clause 117 of the Company's Constitution
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
21
0
No. of Shares
156,391,426
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
4. Resolution 4
Description
To re-elect Ms. Lee Siok Yee who retires pursuant to Clause 117 of the Company's Constitution
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
21
0
No. of Shares
156,391,426
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
5. Resolution 5
Description
To re-elect Mr. Collin Tan Chin Yew who retires pursuant to Clause 117 of the Company's Constitution
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
20
1
No. of Shares
153,891,426
2,500,000
% of Voted Shares
98.4014
1.5986
Result
Accepted
6. Resolution 6
Description
To re-appoint Messrs. Reanda LLKG International as Auditors of the Company and to authorise the Directors to fix their remuneration
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
21
0
No. of Shares
156,391,426
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
7. Resolution 7
Description
Special Resolution
Waiver of Pre-Emptive Rights Under Section 85 of the Companies Act 2016
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
21
0
No. of Shares
156,391,426
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
8. Resolution 8
Description
Ordinary Resolution 1
Authority to Issue Shares Pursuant to the Companies Act 2016
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
20
1
No. of Shares
156,391,226
200
% of Voted Shares
99.9999
0.0001
Result
Accepted
9. Resolution 9
Description
Ordinary Resolution 2
Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
18
1
No. of Shares
79,419,254
2,500,000
% of Voted Shares
96.9482
3.0518
Result
Accepted
10. Resolution 10
Description
Ordinary Resolution 3
Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
17
0
No. of Shares
3,504,300
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
11. Resolution 11
Description
Ordinary Resolution 4
Proposed Renewal of Share Buy Back Authority of up to Ten Percent (10%) of the Total Number of Issues Shares of the Company