ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
Home
Press release
Sep 15, 2022 17:00 JST
Source:
Bintai Kinden Corporation Bhd
Bintai Kinden Shareholders Approves All Resolutions at 28th AGM
Directors up for re-election were also re-elected
PETALING JAYA, Malaysia, Sep 15, 2022 - (ACN Newswire) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that shareholders have approved all resolutions at the 28th Annual General Meeting (AGM) of the Company held today on a virtual platform.
Azri Azerai, Executive Director of Bintai Kinden
Shareholders passed the resolution to receive the audited financial statements for the financial year ended 31 March 2022 (FY2022) as well as to re-elect Ooi Jit Huat and Mohd Shakir Shahimi, the directors who were retiring in accordance with Clause 8 of the Company's constitution. Directors retiring in accordance with Clause 113 of the Company's constitution, Mohd Idzwan Izuddin Datuk Ab Rahman and Ku Chong Hong, who, being eligible, had offered themselves for re-election, were also re-elected.
The resolution to allow the board of directors the authority to allot and issue shares that does not exceed 10% of the total issued shares of the Company at the time of the issue to be in force up to the conclusion of the next AGM was also approved by shareholders. In addition, shareholders also waived statutory pre-emptive rights to be offered Bintai Kinden shares ranking equally to existing issued shares in accordance with Section 85 of the Companies Act, 2016 and with Clause 52 of the Company's constitution.
Messrs. HLB Ler Lum Chew PLT was also appointed as the auditors of Bintai Kinden and shareholders authorised the directors to fix their remuneration. Other resolutions passed included the payment of directors' fee amounting to RM108,000 for FY2022 and approving directors' other benefits payable up to an amount of RM10,000 from 16 September 2022 to the next AGM of the Company.
Azri Azerai, Executive Director of Bintai Kinden said, "We would like to thank shareholders for their continued support and confidence in us. We will endeavour to ensure that their interests as well as the interest of other stakeholders are safeguarded as we work to grow the business."
"While the global economic outlook is increasingly challenging, we will continue to leverage on our core M&E engineering expertise to seek opportunities in Malaysia and around the region. We have in recent months also explored the Middle East market, a region with a lot of potential given the growing population and expanding economic activities."
At the AGM, shareholders also voiced their concerns over arrears totalling RM42.0 million owed by Kolej Teknologi Islam Melaka Berhad (KTIMB) to Bintai Kinden's wholly-owned subsidiary, Optimal Property Management Sdn Bhd (OPM) for the construction and operation of the student accommodation at Kolej Universiti Islam Melaka (KUIM), now known as Universiti Melaka (UNIMEL).
OPM completed the construction of the UNIMEL student accommodation in 2019. KTIMB had awarded a 25-year concession in 2016 to OPM to construct and operate the student accommodation at the then KUIM but to-date, OPM has received only a portion of the concession fees for operating the student accommodation and has been forced to use its own funds.
Bintai Kinden's orderbook covering M&E and oil and gas (O&G) projects currently total RM120.43 million. The Company was recently granted approval for a license by Petroliam Nasional Berhad (Petronas) under the Standardised Work and Equipment Categories Code, to bid for O&G projects that come under Petronas.
About Bintai Kinden Corporation Berhad
Bintai Kinden Corporation Berhad is a multidisciplinary building and industrial service engineering outfit founded in 1973. The Company has designed, installed and commissioned systems that include the full range of engineering services for commercial buildings to industrial complexes. Headquartered in Malaysia, Bintai Kinden has worked on projects in Southeast Asia, China and the Gulf region of the Middle East. For more information, visit bintai.com.my.
Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC],
http://bintai.com.my/
Source: Bintai Kinden Corporation Bhd
Sectors: Daily Finance, Energy, Alternatives, Local Biz, Government, Oil & Gas
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Fujitsu highlights technologies to realize its vision of AI as a trusted assistant at CEATEC 2024
Oct 04, 2024 11:03 JST
Toyota to Invest $500 Million in Joby Aviation
Oct 03, 2024 15:59 JST
Fujitsu and Supermicro announce strategic collaboration to develop green AI computing technology and liquid-cooled datacenter solutions
Oct 03, 2024 09:38 JST
Eisai Commences Business Activities At New Pharma Sales Subsidiary In Saudi Arabia
Oct 02, 2024 11:28 JST
IOWN All-Photonics Network with Optical Fiber Sensing Functions Achieves Wide-Area Traffic Flow Monitoring
Oct 01, 2024 17:44 JST
Release of Mazda Integrated Report 2024
Oct 01, 2024 10:56 JST
DENSO and ROHM Agree to Start Consideration of Strategic Partnership in the Semiconductor Field
Oct 01, 2024 09:27 JST
Olympus Launches VISERA S, a New Imaging Platform
Sep 30, 2024 15:00 JST
Fujitsu launches "Takane" - A large language model for enterprises offering the highest Japanese language proficiency in the world
Sep 30, 2024 14:05 JST
DENSO Announces Changes of Executive Responsibility and Executive Officers
Sep 30, 2024 13:22 JST
Mitsubishi Corporation: JOGMEC Commissioned Feasibility Study for Overseas CCS Value Chain
Sep 30, 2024 11:38 JST
Mazda Production and Sales Results for August 2024
Sep 27, 2024 17:20 JST
Honda Issues Integrated Report - "Honda Report 2024"
Sep 27, 2024 15:37 JST
Hitachi Becomes First Oracle Partner in Japan to Win Regional Best in Class Award in the Customer Success Category in the 2024 Oracle Partner Awards
Sep 27, 2024 14:19 JST
Mitsubishi Corporation Strengthens the Partnership with PETRONAS, Reinforcing Confidence in LNG Operations in the Region
Sep 27, 2024 13:39 JST
MHI Completes Production of the Core Stage of the Final H-IIA Launch Vehicle (No. 50)
Sep 26, 2024 12:00 JST
A2Z and Nayax Capital Sign Framework Agreements to Enable Global Financing for the Sale or Lease of Cust2Mate Smart Carts Integrated with Nayax's Solutions
Sep 25, 2024 22:00 JST
Osaka Gas and MHI to Implement the CO2NNEX Digital Platform for Managing and Transferring the Environmental Value of e-Methane at Expo 2025 Osaka, Kansai, Japan
Sep 25, 2024 15:11 JST
Hitachi Rail Unveils the 'HMAX' AI Solution, Accelerated by NVIDIA, to Optimize Trains, Signaling and Infrastructure
Sep 25, 2024 13:05 JST
Overview of Honda Exhibits at JAPAN MOBILITY SHOW BIZWEEK 2024
Sep 24, 2024 18:32 JST
More Latest Release >>
Related Release
Bintai Kinden Announces RM3.5 Million Contract Win for Subsidiary Johnson Medical International
October 30 2023 20:00 JST
Bintai Kinden Pressures Melaka Government on Unimel Project Payments
March 29 2023 20:00 JST
Bintai Kinden Posts 9M Revenue of RM93.80 Million
February 28 2023 19:00 JST
Bintai Kinden Wins RM14.2 Million Project from TNB
February 10 2023 18:00 JST
SCIB and Bintai Kinden in Strategic Alliance
February 07 2023 14:10 JST
Bintai Kinden Redesignates Ku Chong Hong as Group Managing Director
January 20 2023 16:00 JST
Bintai Kinden Ventures into Digital Assets
January 10 2023 14:00 JST
Bintai Kinden Expands Further into O&G
January 03 2023 13:00 JST
Bintai Kinden Awarded RM39 Million Project from TNB
November 25 2022 18:00 JST
Bintai Kinden Revenue Increased 136% in 2Q FY2023
November 24 2022 14:00 JST
More Press release >>