[ASIABRN] General Meeting on 30-Aug-2024

Stock
[ASIABRN]: ASIA BRANDS BERHAD
Announcement Date
19-Jul-2024
Reference No.
GMA-05072024-00002
Corporate Action ID
MY240705MEET0002
Type
General Meeting
Date & Time
30-Aug-2024 09:00
Depositor Date
22-Aug-2024
Venue
Conference Room of the Company, Lot 10449, Jalan Nenas, Batu 4 1/2, Kampung Jawa, 41000 Klang, Selangor Darul Ehsan
Description
ASIA BRANDS BERHAD - Notice of 49th Annual General Meeting
Asia Brands Berhad - Notice of 49th AGM.pdf
Outcome

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-Ninth Annual General Meeting ("49th AGM") dated 22July 2024were duly passed by the shareholders at the 49th 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 49th AGM are set out below.

This announcement is dated 30August 2024.

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 49th AGM up till the conclusion of the next Annual General Meeting of the Company to be held in 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 158,943,425 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution 2

Description 
To re-elect Dato' Sri Tan Thian Poh, Director who retires pursuant to Clause 118 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 1
No. of Shares 156,443,425 2,500,000
% of Voted Shares 98.4271 1.5729
Result Accepted

3. Resolution 3

Description 
To re-elect Kong Sau Kian, Director who retires pursuant to Clause 118 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 1
No. of Shares 156,443,425 2,500,000
% of Voted Shares 98.4271 1.5729
Result Accepted

4. Resolution 4

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 16 0
No. of Shares 158,943,425 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution 5

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 16 0
No. of Shares 158,943,425 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6

Description 
Ordinary Resolution 2
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 11 1
No. of Shares 3,556,299 2,500,000
% of Voted Shares 58.7207 41.2793
Result Accepted

7. Resolution 7

Description 
Ordinary 3
Proposed Renewal of Share Buy Back Authority of up to Ten Per cent (10%) of the Total Number of Issued Shares of the Company
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 158,943,425 0
% of Voted Shares 100.0000 0.0000
Result Accepted

Remark
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Market Buzz

2024-08-30

Meeting Outcome

General Meeting on 30-Aug-2024.

2024-08-30

Quarter Result

Quarter Result on 30-Jun-2024[#1] QoQ - -34.82% YoY - -78.36%.

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