General Meetings: Outcome Of Meeting

BackMay 25, 2021
Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 25 May 2021
Time 10:00 AM


Venue(s)

Tricor Business Centre, Manuka 2 & 3 Meeting Room

Unit 29-01, Level 29, Tower A

Vertical Business Suite, Avenue 3, Bangsar South

No. 8, Jalan Kerinchi, 59200 Kuala Lumpur
Malaysia
Outcome of Meeting

The Board of Directors of Hengyuan Refining Company Berhad ("the Company") wishes to announce that the resolutions as set out in the Notice of Annual General Meeting of the Company dated 26 April 2021 and tabled at the said Annual General Meeting held on 25 May 2021 were carried out by way of poll. The results of the poll are set out in the attachment below.

 

The Board of Directors is also pleased to annouce that the poll results have been duly verified by the Independent Scrutineer namely, Asia Securities Sdn Bhd.

 

This announcement is dated 25 May 2021.



Attachments

Voting Results

1. Ordinary Resolution 1
Description

To re-elect Mr Liang Kok Siang retiring in accordance with Article 81(c) of the Constitution of the Company, and who being eligible, have offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 580 81
No. of Shares 169,010,306 375,399
% of Voted Shares 99.7784 0.2216
Result Accepted

2. Ordinary Resolution 2
Description

To re-elect Mr Surinderdeep Singh Mohindar Singh retiring in accordance with Article 81(c) of the Constitution of the Company, and who being eligible, have offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 573 88
No. of Shares 169,002,303 381,902
% of Voted Shares 99.7745 0.2255
Result Accepted

3. Ordinary Resolution 3
Description

To re-elect Ms Loy Swee Im who is retiring in accordance with Article 81(h) of the Constitution of the Company, and who being eligible, have offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 566 96
No. of Shares 169,184,503 486,702
% of Voted Shares 99.7131 0.2869
Result Accepted

4. Ordinary Resolution 4
Description

To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 578 82
No. of Shares 169,566,582 105,622
% of Voted Shares 99.9377 0.0623
Result Accepted

5. Ordinary Resolution 5
Description

To approve payment of Non-Executive Directors fees and benefits of up to RM 2,300,000.00 for the period from 1 June 2021 until 31 May 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 519 140
No. of Shares 168,765,863 612,342
% of Voted Shares 99.6385 0.3615
Result Accepted

6. Ordinary Resolution 6
Description

Proposed Renewal of Authority to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 560 98
No. of Shares 158,292,562 11,090,343
% of Voted Shares 93.4525 6.5474
Result Accepted

7. Ordinary Resolution 7
Description

Proposed Renewal of Authority for Share Buy-Back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 582 77
No. of Shares 169,319,169 65,736
% of Voted Shares 99.9612 0.0388
Result Accepted

8. Ordinary Resolution 8
Description

Proposed Renewal of Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 576 79
No. of Shares 15,928,457 384,445
% of Voted Shares 97.6433 2.3567
Result Accepted



Please refer attachment below.



Announcement Info

Company Name HENGYUAN REFINING COMPANY BERHAD
Stock Name HENGYUAN
Date Announced 25 May 2021
Category General Meeting
Reference Number GMA-19052021-00017
Corporate Action ID MY210519MEET0017

Attachments

  1. HRC-outcome_of_62nd_AGM.pdf (Size: 842,969 bytes)