General Meetings: Outcome Of Meeting
BackMay 31, 2024
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 31 May 2024 |
| Time | 09:00 AM |
| Venue(s) | Fully virtual basis vide Online Meeting Platform hosted on Securities Services e-Portal at https://sshsb.net.my/ Malaysia |
| Outcome of Meeting | The Board of Directors of Kinergy Advancement Berhad (formerly known as Kejuruteraan Asastera Berhad) ("KAB" or "the Company") wishes to announce that all resolutions as set out in the Notice of the Twenty-Seventh Annual General Meeting ("27th AGM") of the Company dated 30 April 2024 were duly passed at the 27th AGM of the Company held earlier today. All the resolutions tabled were voted by poll and the poll results were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. This announcement is dated 31 May 2024. |
Voting Results |
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1. Resolution 1 |
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| Description | To approve the payment of Directors fees payable to the Directors of the Company amounting to MYR570,000.00 for the financial year ending 31 December 2024. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 88 | 19 |
| No. of Shares | 724,699,224 | 271,466 |
| % of Voted Shares | 99.9626 | 0.0374 |
| Result | Accepted | |
2. Resolution 2 |
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| Description | To re-elect Mr. Lu Chee Leong, a Director who retires pursuant to Clause 76(3) of the Company's Constitution. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 97 | 9 |
| No. of Shares | 724,765,086 | 206,484 |
| % of Voted Shares | 99.9715 | 0.0285 |
| Result | Accepted | |
3. Resolution 3 |
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| Description | To re-elect Datin Chan Pey Kheng, a Director who retires pursuant to Clause 76(3) of the Company's Constitution. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 85 | 9 |
| No. of Shares | 230,266,186 | 206,484 |
| % of Voted Shares | 99.9104 | 0.0896 |
| Result | Accepted | |
4. Resolution 4 |
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| Description | To re-elect Datuk Dr. Ong Peng Su, a Director who retires pursuant to Clause 76(3) of the Company's Constitution. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 97 | 9 |
| No. of Shares | 724,765,086 | 206,484 |
| % of Voted Shares | 99.9715 | 0.0285 |
| Result | Accepted | |
5. Resolution 5 |
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| Description | To re-elect Ts Dr. Amanda Lee Sean Peik, a Director who retires pursuant to Clause 78 of the Company's Constitution. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 97 | 9 |
| No. of Shares | 724,765,086 | 206,484 |
| % of Voted Shares | 99.9715 | 0.0285 |
| Result | Accepted | |
6. Resolution 6 |
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| Description | To re-elect Jonathan Wu Jo-Han, a Director who retires pursuant to Clause 78 of the Company's Constitution. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 97 | 9 |
| No. of Shares | 724,765,086 | 206,484 |
| % of Voted Shares | 99.9715 | 0.0285 |
| Result | Accepted | |
7. Resolution 7 |
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| Description | To re-elect Datuk Wira Mubarak Hussain bin Akhtar Husin, a Director who retires pursuant to Clause 78 of the Company's Constitution. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 98 | 9 |
| No. of Shares | 724,765,443 | 206,397 |
| % of Voted Shares | 99.9715 | 0.0285 |
| Result | Accepted | |
8. Resolution 8 |
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| Description | To re-appoint Messrs. Kreston John & Gan as Auditors of the Company until the conclusion of the next AGM and to authorise the Directors to determine their remuneration. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 98 | 9 |
| No. of Shares | 724,765,443 | 206,397 |
| % of Voted Shares | 99.9715 | 0.0285 |
| Result | Accepted | |
9. Resolution 9 |
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| Description | Authority to issue shares pursuant to the Companies Act 2016. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 94 | 13 |
| No. of Shares | 724,756,182 | 215,658 |
| % of Voted Shares | 99.9703 | 0.0297 |
| Result | Accepted | |
10. Resolution 10 |
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| Description | Proposed Renewal of Authority for Share Buy-Back | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 96 | 11 |
| No. of Shares | 719,018,173 | 5,953,667 |
| % of Voted Shares | 99.1788 | 0.8212 |
| Result | Accepted | |
Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 31 May 2024 |
| Category | General Meeting |
| Reference Number | GMA-29052024-00025 |
| Corporate Action ID | MY240529MEET0025 |
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.