ASTEEL

0.065

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GENERAL MEETINGS: Outcome of Meeting

ASTEEL GROUP BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 26 Jun 2025
Time 02:00 PM

Venue(s) 
Grand Riverine Ballroom Diamond 3

Jalan Petanak

93100 Kuching

Sarawak

Malaysia

Outcome of Meeting

The Board of Directors of ASTEEL Group Berhad (“ASTEEL” or the “Company”) is pleased to announce that all ordinary resolutions as set out in the Notice of the 48th Annual General Meeting ("48th AGM") of the Company dated 29 April 2025 were duly passed by the shareholders of the Company at the 48th AGM held today.

 

All resolutions were voted by poll and the results of the poll were validated by Coopers Professional Scrutineers Sdn Bhd, the independent scrutineer appointed by ASTEEL.

Voting Results

1. Resolution 1

Description 
To approve the payment of Directors' fees of RM360,500.00 for the Non-Executive Directors for the financial year ended 31 December 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 0
No. of Shares 234,763,679 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution 2

Description 
To approve other benefits payable to the Non-Executive Directors up to RM110,000.00 for the period from 27 June 2025 until the conclusion of the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 0
No. of Shares 234,763,679 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Resolution 3

Description 
To re-elect the Director, Dato' Sri Victor Hii Lu Thian who retires in accordance with Article 123(1) of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 0
No. of Shares 227,865,234 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Resolution 4

Description 
To re-elect the Director, Ms Wong Siew Si who retires in accordance with Article 123(1) of the Company's Constitution and being eligible, offers herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 0
No. of Shares 240,506,375 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution 5

Description 
To re-elect the Director, Ms Khor Hun Nee who retires in accordance with Article 123(1) of the Company's Constitution and being eligible, offers herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 0
No. of Shares 240,505,375 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6

Description 
To re-appoint KPMG PLT (AF 0758) 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 41 0
No. of Shares 240,506,375 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution 7

Description 
To empower the Directors to issue shares pursuant to Section 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 1
No. of Shares 240,406,375 100,000
% of Voted Shares 99.9584 0.0416
Result Accepted

8. Resolution 8

Description 
To approve the proposed renewal of existing shareholder mandate for recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 0
No. of Shares 28,341,819 0
% of Voted Shares 100.0000 0.0000
Result Accepted





Announcement Info

Company Name ASTEEL GROUP BERHAD
Stock Name ASTEEL
Date Announced 26 Jun 2025
Category General Meeting
Reference Number GMA-26062025-00017
Corporate Action ID MY250626MEET0016


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