Resolution 5 Special Business Ordinary Resolutions ... · Page 1 of 5 HONG LEONG ASIA LTD. (Co....
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REPL::Annual General Meeting::Voluntary
Issuer & Securities
Issuer/ Manager HONG LEONG ASIA LTD.
Security HONG LEONG ASIA LTD. SG1F76860344 H22
Announcement Details
Announcement Title Annual General Meeting
Date & Time of Broadcast 28Apr2017 19:31:13
Status Replacement
Announcement Reference SG170404MEET78M9
Submitted By (Co./ Ind. Name) Ng Siew Ping, Jaslin
Designation Company Secretary
Financial Year End 31/12/2016
Event Narrative
NarrativeType Narrative Text
AdditionalText
Please refer to the attached announcement on resolutions passed at the 56th Annual General Meeting ofthe Company held on 28 April 2017 ("AGM"). The presentation given by Mr Philip Ting, a Director and theChief Executive Officer of the Company, at the AGM is also attached.
Event Dates
Meeting Date and Time 28/04/2017 15:00:00
Response Deadline Date 26/04/2017 15:00:00
Event Venue(s)
Place
Venue(s) Venue details
Meeting Venue Grand Copthorne Waterfront Hotel, Galleria Ballroom, Level 3, 392 Havelock Road,Singapore 169663
Attachments HLA_AGM_Results_28042017.pdf
HLA_AGM_Presentation_Slides_28042017.pdf
Total size =1217K
Related Announcements04/04/2017 17:13:46
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Page 1 of 5
HONG LEONG ASIA LTD. (Co. Reg. No. 196300306G)
Resolutions Passed at the 56th Annual General Meeting of Hong Leong Asia Ltd. held on 28 April 2017
The Board of Directors of Hong Leong Asia Ltd. (the “Company”) wishes to announce the following: Resolutions Passed at the 56th Annual General Meeting At the Company’s 56th Annual General Meeting held today, 28 April 2017 (“56th AGM”), all resolutions referred to in the Notice of the 56th AGM dated 4 April 2017 were duly passed by way of poll which was conducted electronically.
(a) A breakdown of all valid votes cast at the 56th AGM is set out below:
Resolution number and details
Total number of shares represented by votes for and against the relevant resolution
For Against
Number of shares
As a percentage of total number of votes for and against the resolution (%)
Number of shares
As a percentage of total number of votes for and against the resolution (%)
Ordinary Business – Ordinary Resolutions
Resolution 1 Adoption of Directors’ Statement, Financial Statements and Auditors’ Report
275,086,347 274,753,847 99.88% 332,500 0.12%
Resolution 2 Declaration of a First and Final Dividend
275,001,647 274,966,647 99.99% 35,000 0.01%
Resolution 3 Approval of Directors’ Fees and Audit Committee Fees
274,981,147 274,696,647 99.90% 284,500 0.10%
Resolution 4 Re-election of Mr Kwek Leng Peck as Director.
273,088,847 272,220,247 99.68% 868,600 0.32%
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Resolution number and details
Total number of shares represented by votes for and against the relevant resolution
For Against
Number of shares
As a percentage of total number of votes for and against the resolution (%)
Number of shares
As a percentage of total number of votes for and against the resolution (%)
Resolution 5 Re-appointment of Ernst & Young LLP as Auditor
274,962,647 274,957,647 100.00% 5,000 0.00%
Special Business – Ordinary Resolutions
Resolution 6 Authority for Directors to issue shares and/or make or grant offers, agreements or options pursuant to Section 161 of the Companies Act, Chapter 50 and the Listing Manual of Singapore Exchange Securities Trading Limited
274,915,147
266,591,292
96.97%
8,323,855
3.03%
Resolution 7 Authority for Directors to offer and grant options to eligible participants under the Hong Leong Asia Share Option Scheme 2000 (the “SOS”) other than Parent Group Employees and Parent Group Non-Executive Directors and to issue shares in accordance with the provisions of the SOS
271,893,547
252,324,059
92.80%
19,569,488
7.20%
Resolution 8 Renewal of Share Purchase Mandate
274,908,147 274,595,147 99.89% 313,000 0.11%
Resolution 9 Renewal of IPT Mandate for Interested Person Transactions
32,091,047 31,871,847 99.32% 219,200 0.68%
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Resolution number and details
Total number of shares represented by votes for and against the relevant resolution
For Against
Number of shares
As a percentage of total number of votes for and against the resolution (%)
Number of shares
As a percentage of total number of votes for and against the resolution (%)
Special Business - Special Resolutions
Resolution 10 Adoption of the new Constitution
274,878,847 274,485,347 99.86% 393,500 0.14%
Resolution 11 Alteration of objects in the new Constitution
274,925,347 274,476,847 99.84% 448,500 0.16%
(b) Details of parties who were required to abstain from voting on any resolution(s), including the
number of shares held and the individual resolution(s) on which they were required to abstain from voting are as follows:
Details of Party(ies) Resolution number and details Number of shares held (in own name and/or name of nominee)
Mr Kwek Leng Peck
Resolution 4 Re-election of Mr Kwek Leng Peck as Director Resolution 7 Authority for Directors to offer and grant options to eligible participants under the SOS other than Parent Group Employees and Parent Group Non-Executive Directors and to issue shares in accordance with the provisions of the SOS Resolution 9 Renewal of IPT Mandate for Interested Person Transactions
1,913,300
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Details of Party(ies) Resolution number and details Number of shares held (in own name and/or name of nominee)
Mr Kwek Leng Beng
Resolution 7 Authority for Directors to offer and grant options to eligible participants under the SOS other than Parent Group Employees and Parent Group Non-Executive Directors and to issue shares in accordance with the provisions of the SOS Resolution 9 Renewal of IPT Mandate for Interested Person Transactions
660,000
Mr Philip Ting Sii Tien @ Yao Sik Tien
Resolution 7 Authority for Directors to offer and grant options to eligible participants under the SOS other than Parent Group Employees and Parent Group Non-Executive Directors and to issue shares in accordance with the provisions of the SOS Resolution 9 Renewal of IPT Mandate for Interested Person Transactions
280,000
Mr Ernest Colin Lee
Resolution 7 Authority for Directors to offer and grant options to eligible participants under the SOS other than Parent Group Employees and Parent Group Non-Executive Directors and to issue shares in accordance with the provisions of the SOS Resolution 9 Renewal of IPT Mandate for Interested Person Transactions
40,000
Employees of the Company (being eligible participants under the SOS), who voted in person or provided proxy for the voting of resolutions proposed at the 56th AGM
Resolution 7 Authority for Directors to offer and grant options to eligible participants under the SOS other than Parent Group Employees and Parent Group Non-Executive Directors and to issue shares in accordance with the provisions of the SOS
122,000 (aggregate number of shares)
1. Hong Leong Investment
Holdings Pte. Ltd. group of companies
2. Associate of a Director
Resolution 9 Renewal of IPT Mandate for Interested Person Transactions
239,932,000 (aggregate number of shares) 120,000
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Appointment of Scrutineer TS Tay Public Accounting Corporation was appointed the Scrutineer for the poll conducted at the 56th AGM, and is independent of Trusted Source Pte Ltd which was appointed to undertake the electronic polling process at the 56th AGM. Retirement of Non-Executive Chairman and Independent Non-Executive Director Mr Kwek Leng Beng, a Non-Executive Director, had retired at the 56th AGM. Consequent thereto, Mr Kwek also ceased to act as the Non-Executive Chairman and a member of the Nominating Committee. Mr Goh Kian Hwee, an Independent Non-Executive Director, had retired at the 56th AGM. Consequent thereto, Mr Goh also ceased to be a member of the Audit Committee, Nominating Committee, Remuneration Committee and Hong Leong Asia Share Option Scheme 2000 Committee.
The Board would like to take this opportunity to extend its heartfelt thanks and appreciation to Mr Kwek Leng Beng for his strong leadership and guidance over the years, and to Mr Goh Kian Hwee for his invaluable contribution and counsel to the Company. Re-election of Executive Director and Appointment of Executive Chairman As announced on 26 January 2017, we wish to inform that Mr Kwek Leng Peck, who was re-elected as a Director of the Company at the 56th AGM, has been appointed to succeed Mr Kwek Leng Beng as the Executive Chairman following the latter’s retirement at this AGM. BY ORDER OF THE BOARD Ng Siew Ping, Jaslin Yeo Swee Gim, Joanne Company Secretaries 28 April 2017 Singapore
HONG LEONG ASIAAGM Presentation
28th April 2017
Mr. Philip Ting
Chief Executive Officer
China Market
• FY2016, global economy
was challenging.
• China 2016 growth at
6.7% pa. Slowest
growth rate in the past
26 years.
• The overall excess
capacity in China
continued to have an
adverse impact.
Hong Leong AsiaMarket Overview
04/12/16
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Henan Xinfei FrestecMarket Overview
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Henan Xinfei FrestecE-Commerce Platforms
SUNING
TMALL
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China Yuchai InternationalChina Top Diesel Engine Makers
14 Major Diesel Engine Manufacturers
CNHTCFOTON
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YUNNEI
FAW Group
CHAOCHAIWEICHAI
DACHAI
SHANGCHAI
YANGCHAI
XICHAI
LUOTUO
YUCHAI
QUANCHAI
Building Materials UnitKey Business Highlights
2016: BCA Preliminary actual
2017: BCA Forecast is $28-35 billion. Mid-point is $31.5 billion shown above
Source: BCA, Singapore Construction Prospects 2017
14.89 19.22
13.25 15.77
22.00
20.91
19.54
13.78 10.29
9.50
35.8038.76
27.03 26.06
31.50
-
5.00
10.00
15.00
20.00
25.00
30.00
35.00
40.00
45.00
2013 2014 2015 2016 (P) 2017 (F)
SGD Billion
Year
Contracts Awarded - SingaporePublic Sector Private Sector Total
Value of Construction Activities
Tasek Corporation BerhadKey Business HighlightsPublic Transport
Kuala Lumpur Mass Rapid Transit (“MRT”)
Line 2, Light Rail Transit (“LRT”) 3, High
Speed Rail (“HSR”) linking KL to Singapore.
Commercial Buildings
Bukit Bintang
City Center
(“BBCC”)
Damansara
Town Center
(“DTC”)
Thank You谢谢
HONG LEONG ASIA LTD16 Raffles Quay #26-00 Hong Leong Building Singapore 048581
T: +65 6220 8411 F: +65 6222 0087
www.hlasia.com.sg