GENERAL MEETINGS: Outcome of Meeting

WAH SEONG CORPORATION BERHAD

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 15 May 2019
Time 11:00 AM
Venue 
Perdana IV, Level 3, Cititel Hotel, 66 Jalan Penang, 10000 Penang, Malaysia
Outcome of Meeting

The Board of Directors of Wah Seong Corporation Berhad ("Company") wishes to announce that at its Nineteenth Annual General Meeting ("19th AGM") held this morning, all the ordinary resolutions and special resolution as set out in the Notice of 19th AGM dated 16 April 2019 were duly approved by the shareholders of the Company.

All the ordinary resolutions and special resolution were voted by poll and the results of the poll were validated by Quantegic Services Sdn Bhd, an independent Scrutineer appointed by the Company.

The detailed results of the poll are set out in the attachment.

This announcement is dated 15 May 2019.

Voting Results

Resolution Vote in favour Vote Against Results
No. of Shares % No. of Shares % 
Ordinary Resolution 1

To receive and adopt the Audited Financial Statements of the Company and the Group for the financial year ended 31 December 2018 and the Reports of the Directors and Auditors thereon.
 517,406,811 99.999865 700 0.000135 Carried 
Ordinary Resolution 2

To approve the Directors’ Fees of RM510,000 and Directors’ Meeting Allowances of RM98,000 payable for the financial year ended 31 December 2018.
 518,666,269 99.999865 700 0.000135 Carried 
Ordinary Resolution 3

To re-elect Professor Tan Sri Lin See Yan as Director who retires pursuant to Article 110 of the Company’s Constitution.
 486,174,267 93.736357 32,487,094 6.263643 Carried 
Ordinary Resolution 4

To re-elect Giancarlo Maccagno as Director who retires pursuant to Article 110 of the Company’s Constitution.
 517,427,348 99.762077 1,234,013 0.237923 Carried 
Ordinary Resolution 5

To re-appoint PricewaterhouseCoopers PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
 517,427,424 99.761013 1,239,545 0.238987 Carried 
Ordinary Resolution 6

To authorise the Directors to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act, 2016.
 513,589,169 99.020990 5,077,800 0.979010 Carried 
Ordinary Resolution 7

Proposed Renewal of Authority to Buy-Back its Own Shares by the Company.
 487,493,068 94.047370 30,855,364 5.952630 Carried 
Ordinary Resolution 8

Proposed Renewal of Shareholders’ Mandate for the Existing Recurrent Related Party Transactions and Provision of Financial Assistance.
 111,745,386 99.230479 866,573 0.769521 Carried 
Ordinary Resolution 9

Proposed New Shareholders’ Mandate for Additional Recurrent Related Party Transactions.
 455,008,672 99.999846 700 0.000154 Carried 
Ordinary Resolution 10

To retain Halim Bin Haji Din as an Independent Non-Executive Director.
 486,765,248 93.850301 31,896,113 6.149699 Carried 
Ordinary Resolution 11

To retain Professor Tan Sri Lin See Yan as an Independent Non-Executive Director.
 486,578,304 93.814257 32,083,057 6.185743 Carried 
Special Resolution 1

Proposed Adoption of New Constitution of the Company.
 518,666,269 99.999865 700 0.000135 Carried



Announcement Info

Company Name WAH SEONG CORPORATION BERHAD
Stock Name WASEONG
Date Announced 15 May 2019
Category General Meeting
Reference Number GMA-15052019-00009


Please refer attachment below.

  1. WSC - 19th AGM polling results.pdf