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GENERAL MEETINGS: Outcome of Meeting

KUCHAI DEVELOPMENT BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 02 Dec 2021
Time 09:00 AM

Venue(s)
Online Meeting Platform at https://meeting.boardroomlimited.my

(Domain Registration No. with MYNIC-D6A357657) with Remote

Participation and Electronic Voting Facilities

Malaysia

Outcome of Meeting

The Board of Directors of Kuchai Development Berhad ("the Company") is pleased to announce that all the resolutions set out in the notice of the Fifty-Third Annual General Meeting ("53rd AGM") dated 29 October 2021 were duly passed at the 53rd AGM held fully virtual via online meeting platform at https://meeting.boardroomlimited.my (Domain Registration No. with MYNIC-D6A357657) with Remote Participation and Electronic Voting Facilities on 2 December 2021.

All resolutions tabled at the 53rd AGM were voted by poll and results of the poll were validated by the appointed Independent Scrutineer, M/s Sky Corporate Services Sdn. Bhd.  Please refer to the attachment for the poll results validated by the scrutineer.


Voting Results


1. Ordinary Resolution 1

Description
To declare and approve the payment of Single Tier First and Final Dividend of 1 sen per ordinary share for the financial year ended 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 1
No. of Shares 66,757,545 1,044,500
% of Voted Shares 98.4595 1.5405
Result Accepted

2. Ordinary Resolution 2

Description
To declare and approve the payment of Single Tier Bonus Dividend of 0.75 sen per ordinary share in respect of the financial year ended 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 1
No. of Shares 66,757,545 1,044,500
% of Voted Shares 98.4595 1.5405
Result Accepted

3. Ordinary Resolution 3

Description
To approve the payment of Directors fees and other benefits not exceeding of RM400,000 from 1 July 2021 until the conclusion of next Annual General Meeting to be held in 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 8
No. of Shares 64,383,595 3,418,450
% of Voted Shares 94.9582 5.0418
Result Accepted

4. Ordinary Resolution 4

Description
To re-elect Mr Chew Khat Khiam Albert as a Director who retires by rotation in accordance with the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 6
No. of Shares 64,384,597 3,417,448
% of Voted Shares 94.9597 5.0403
Result Accepted

5. Ordinary Resolution 5

Description
To re-elect Mr Cheong Mun Hong as a Director who retires by rotation in accordance with the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 6
No. of Shares 64,384,597 3,417,448
% of Voted Shares 94.9597 5.0403
Result Accepted

6. Ordinary Resolution 6

Description
To re-elect Mr Wun Mow Sang as a Director who retires by rotation in accordance with the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 6
No. of Shares 64,384,597 3,417,448
% of Voted Shares 94.9597 5.0403
Result Accepted

7. Ordinary Resolution 7

Description
To re-appoint Messrs Ernst & Young PLT as Auditors of the Company for the financial year ending 30 June 2022 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 4
No. of Shares 66,633,245 1,168,800
% of Voted Shares 98.2762 1.7238
Result Accepted

8. Ordinary Resolution 8

Description
Authority to Allot and Issue Shares by Directors pursuant to Sections 75 and 76 of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 8
No. of Shares 66,556,243 1,245,802
% of Voted Shares 98.1626 1.8374
Result Accepted

9. Ordinary Resolution 9

Description
Proposed Renewal of Shareholders' Mandate for Share Buy-Back Authority
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 5
No. of Shares 66,633,243 1,168,802
% of Voted Shares 98.2762 1.7238
Result Accepted

10. Special Resolution

Description
Proposed Adoption of New Constitution of the Company
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 5
No. of Shares 66,633,243 1,168,802
% of Voted Shares 98.2762 1.7238
Result Accepted



Please refer attachment below.

Attachments

KD-Poll Result AGM 2021.pdf
563.5 kB




Announcement Info

Company Name KUCHAI DEVELOPMENT BERHAD
Stock Name KUCHAI
Date Announced 02 Dec 2021
Category General Meeting
Reference Number GMA-02122021-00010
Corporate Action ID MY211202MEET0008




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