GENERAL MEETINGS: Outcome of Meeting
| KINERGY ADVANCEMENT BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 29 May 2025 |
| Time | 09:00 AM |
| Venue(s) |
Function Room, Acacia I, Level 1 of Espira Kinrara, Jalan Kinrara 6, Bandar Kinrara, 47180 Puchong, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Board of Directors of Kinergy Advancement Berhad ("KAB" or "the Company") wishes to announce that all resolutions as set out in the Notice of the Twenty-Eighth Annual General Meeting ("28th AGM") of the Company dated 29 April 2025 were duly passed at the 28th 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 29 May 2025. |
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 MYR650,000/- for the financial year ending 31 December 2025. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 40 | 3 |
| No. of Shares | 747,645,102 | 9,037 |
| % of Voted Shares | 99.9988 | 0.0012 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To re-elect Dato' Lai Keng Onn, 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 | 30 | 1 |
| No. of Shares | 278,360,838 | 1,110 |
| % of Voted Shares | 99.9996 | 0.0004 |
| Result | Accepted | |
3. Resolution 3 |
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| Description |
To re-elect Mr. Choong Gaik Seng, 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 | 41 | 1 |
| No. of Shares | 744,334,229 | 1,110 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
4. Resolution 4 |
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| Description |
To re-elect Ms. Tong Siut Moi, 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 | 41 | 2 |
| No. of Shares | 747,652,029 | 2,110 |
| % of Voted Shares | 99.9997 | 0.0003 |
| Result | Accepted | |
5. Resolution 5 |
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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 | 40 | 3 |
| No. of Shares | 747,652,020 | 2,119 |
| % of Voted Shares | 99.9997 | 0.0003 |
| Result | Accepted | |
6. Resolution 6 |
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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 | 41 | 2 |
| No. of Shares | 747,654,129 | 10 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
Proposed Renewal of Authority for Share Buy-Back. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 42 | 1 |
| No. of Shares | 741,914,139 | 5,740,000 |
| % of Voted Shares | 99.2323 | 0.7677 |
| Result | Accepted | |
Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 29 May 2025 |
| Category | General Meeting |
| Reference Number | GMA-29052025-00011 |
| Corporate Action ID | MY250529MEET0011 |