Bursa Announcements
Date : 29 May 2025
GENERAL MEETINGS: Outcome of Meeting
| MALAYSIA SMELTING CORPORATION BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 29 May 2025 |
| Time | 11:00 AM |
| Venue(s) |
Grand Suite, Level 7, Hilton Kuala Lumpur 3 Jalan Stesen Sentral 50470 Kuala Lumpur Malaysia |
| Outcome of Meeting | The Board of Directors of Malaysia Smelting Corporation Berhad ("MSC") wishes to announce that all resolutions tabled at the 46th Annual General Meeting of MSC held at Grand Suite, Level 7, Hilton Kuala Lumpur, 3 Jalan Stesen Sentral, 50470 Kuala Lumpur, Malaysia on Thursday, 29 May 2025 were duly passed by the shareholders.
The voting in respect of the resolutions was carried out by way of poll and the results were validated by the independent scrutineer, USearch Corporate Service Sdn Bhd as appointed by MSC. Details of the said results are set out in the attachment.
This announcement is dated 29 May 2025. |
Voting Results |
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1. Resolution 1 |
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| Description |
To approve the payment of a Final Single-Tier Dividend of RM0.07 per share in respect of the financial year ended 31 December 2024. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 73 | 2 |
| No. of Shares | 237,564,148 | 22,000 |
| % of Voted Shares | 99.9907 | 0.0093 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To approve the payment of Directors' Fees and Benefits of up to RM885,000.00 from 30 May 2025 until the next AGM of the Company to be held in year 2026. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 72 | 2 |
| No. of Shares | 237,467,648 | 22,000 |
| % of Voted Shares | 99.9907 | 0.0093 |
| Result | Accepted | |
3. Resolution 3 |
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| Description |
To re-elect Dato' Dr. (Ir.) Yong Mian Thong as Director of the Company who is retiring pursuant to Clause 102 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 73 | 2 |
| No. of Shares | 237,564,148 | 22,000 |
| % of Voted Shares | 99.9907 | 0.0093 |
| Result | Accepted | |
4. Resolution 4 |
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| Description |
To re-elect Datuk Lim Hong Tat as Director of the Company who is retiring pursuant to Clause 102 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 72 | 3 |
| No. of Shares | 237,559,248 | 26,900 |
| % of Voted Shares | 99.9887 | 0.0113 |
| Result | Accepted | |
5. Resolution 5 |
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| Description |
To re-appoint Ernst & Young PLT as Auditors of the Company and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 72 | 3 |
| No. of Shares | 237,559,248 | 26,900 |
| % of Voted Shares | 99.9887 | 0.0113 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
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 | 68 | 7 |
| No. of Shares | 230,706,048 | 6,880,100 |
| % of Voted Shares | 97.1042 | 2.8958 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
Proposed Bonus Issue of 420,000,000 New Ordinary Shares in MSC ("MSC Share(s)" or "Share(s)") ("Bonus Share(s)") on the basis of 1 Bonus Share for Every 1 Existing MSC Share held on an Entitlement Date to be determined later ("Proposed Bonus Issue")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 73 | 2 |
| No. of Shares | 237,564,148 | 22,000 |
| % of Voted Shares | 99.9907 | 0.0093 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | MALAYSIA SMELTING CORPORATION BERHAD |
| Stock Name | MSC |
| Date Announced | 29 May 2025 |
| Category | General Meeting |
| Reference Number | GMA-29052025-00024 |
| Corporate Action ID | MY250529MEET0024 |
