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KUCHAI DEVELOPMENT BERHAD ("KUCHAI") THIRTY-SEVENTH ANNUAL GENERAL MEETING

KUCHAI DEVELOPMENT BERHAD

Type

Announcement
SubjectKUCHAI DEVELOPMENT BERHAD ("KUCHAI")
THIRTY-SEVENTH ANNUAL GENERAL MEETING

Contents :

On behalf of the Board of Directors of KUCHAI, we are pleased to announce that at the Thirty-Seventh Annual General Meeting of the Company held today, all resolutions were approved, including the re-election of the following Directors: -


a) Mr Han Teng Juan - Executive Director
b) Mr Liew Chuan Hock - Independent Non-Executive Director

The Board of KUCHAI presently comprises the following Directors: -
a) Mr Cecil V R Wong - Non-Independent Non-Executive Director (Chairman)
b) Mr Lee Chung Shih - Executive Director
c) Mr Huang Yuan Chiang - Independent Non-Executive Director
d) Mr Lee Soo Hoon - Independent Non-Executive Director
e) Mr Han Teng Juan - Executive Director
f) Mr Liew Chuan Hock - Independent Non-Executive Director
g) Mr Lee Yung Shih - (Alternate Director to Lee Chung Shih)
h) Mr Lam Sit Hin - (Alternate Director to Han Teng Juan)

The present Audit Committee Members are as follows: -
a) Mr Lee Soo Hoon - Independent Non-Executive Director (Chairman)
b) Mr Cecil V R Wong - Non-Independent Non-Executive Director
c) Mr Liew Chuan Hock - Independent Non-Executive Director
d) Mr Huang Yuan Chiang - Independent Non-Executive Director

The Shareholders of KUCHAI also approved the following Ordinary Resolutions under Special Business: -

AUTHORITY TO ALLOT SHARES - SECTION 132D
(i) "THAT pursuant to Section 132D of the Companies Act, 1965 and subject to the approval of the relevant authorities, the Directors be and are hereby empowered to issue shares in the Company from time to time and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit provided that the aggregate number of shares issued pursuant to this resolution does not exceed 10% of the issued share capital of the Company for the time being and that the Directors be and also empowered to obtain approval for the listing of and quotation for the additional shares so issued on the Bursa Malaysia Securities Berhad and that such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company."

PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE FOR KUCHAI DEVELOPMENT BERHAD AND GROUP’S DAY-TO-DAY OPERATIONS ENTERED INTO WITH ICE COLD BEER PTE. LTD. PURSUANT TO PARAGRAPH 10.09 OF THE LISTING REQUIREMENTS OF THE BURSA MALAYSIA SECURITIES BERHAD
(ii) "THAT pursuant to Paragraph 10.09 of the Listing Requirements of the Bursa Malaysia Securities Berhad, the Company be and is hereby authorised to enter into and give effect to recurrent related party transactions of a revenue and trading nature with Ice Cold Beer Pte. Ltd., as set out in section 2.2 of the Circular to Shareholders dated 23 April 2005, provided that such transactions are necessary for the day-to-day operations and undertaken in the ordinary course of business and at arm’s length basis and on normal commercial terms which are not more favourable to the related party than those generally available to the public and not prejudicial to the shareholders of the Company AND THAT such approval, unless revoked or varied by the Company in general meeting, shall continue in force until:-

    (a) the conclusion of the next Annual General Meeting ("AGM") of the Company following this AGM at which such mandate is passed, at which time it will lapse, unless by a resolution passed at such AGM whereby the authority is renewed;

    (b) the expiration of the period within the next AGM of the Company after that date is required to be held pursuant to Section 143(1) of the Companies Act, 1965 ("Act") (but shall not extend to such extension as may be allowed pursuant to Section 143(2) of the Act); or

    (c ) revoked or varied by resolution passed by the shareholders in a general meeting;
whichever is earlier."

PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE FOR KUCHAI DEVELOPMENT BERHAD AND GROUP’S DAY-TO-DAY OPERATIONS ENTERED INTO WITH THE NYALAS RUBBER ESTATES LIMITED, PURSUANT TO PARAGRAPH 10.09 OF THE LISTING REQUIREMENTS OF THE BURSA MALAYSIA SECURITIES BERHAD

(iii) "THAT pursuant to Paragraph 10.09 of the Listing Requirements of the Bursa Malaysia Securities Berhad, the Company be and is hereby authorised to enter into and give effect to recurrent related party transactions of a revenue and trading nature with The Nyalas Rubber Estates Limited, as set out in section 2.2 of the Circular to Shareholders dated 23 April 2005, provided that such transactions are necessary for the day-to-day operations and undertaken in the ordinary course of business and at arm’s length basis and on normal commercial terms which are not more favourable to the related party than those generally available to the public and not prejudicial to the shareholders of the Company AND THAT such approval, unless revoked or varied by the Company in general meeting, shall continue in force until:-
    (a) the conclusion of the next Annual General Meeting ("AGM") of the Company following this AGM at which such mandate is passed, at which time it will lapse, unless by a resolution passed at such AGM whereby the authority is renewed;

    (b) the expiration of the period within the next AGM of the Company after that date is required to be held pursuant to Section 143(1) of the Companies Act, 1965 ("Act") (but shall not extend to such extension as may be allowed pursuant to Section 143(2) of the Act); or

    (c ) revoked or varied by resolution passed by the shareholders in a general meeting;
    whichever is earlier."


Announcement Info

Company NameKUCHAI DEVELOPMENT BERHAD  
Stock Name KUCHAI    
Date Announced16 May 2005  
CategoryGeneral Announcement
Reference NoC&-050516-81C93



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