Pursuant to Rule 704(15) of the Listing Manual of the Singapore Exchange Securities Trading Limited Section B: Rules of Catalist (the "Catalist Rules"), the Board of Directors of Megachem Limited (the "Company") wishes to announce that at the Annual General Meeting ("AGM") of the Company held on 19 April 2024, all the resolutions as set out in the Notice of AGM dated 28 March 2024, put to vote at the AGM, were duly passed.
The results of the poll on each of the resolutions put to vote at the AGM are set out below: -
For
Against
Total
As a
As a
percentage
percentage
number of
of total
of total
shares
number of
number of
Resolution number and
represented
Number of
votes for
Number of
votes for
details
by votes for
shares
and against
shares
and against
and against
the
the
the relevant
resolution
resolution
resolution
(%)
(%)
Ordinary Business
(Resolution 1)
To receive and adopt the
Statement by Directors
and
Audited Financial Statements
of
the
Company
for
the
97,677,686
87,677,686
89.76%
10,000,000
10.24%
financial
year
ended
31
December 2023 together with
the
Independent
Auditor's
Report thereon.
(Resolution 2)
To approve Directors' fees of
S$202,000 for the financial
year ending 31
December
97,677,686
97,677,686
100.00%
0
0.00%
2024 (2023: S$202,000).
(Resolution 3)
To re-appoint Messrs RSM
SG
Assurance
LLP
as
97,677,686
97,677,686
100.00%
0
0.00%
auditors of the Company and
to authorise the Directors to
fix their remuneration.
Megachem Limited
Registration No.198803293M
Results of the Annual General Meeting
Page 2
For
Against
Total
As a
As a
percentage
percentage
number of
of total
of total
shares
number of
number of
Resolution number and
represented
Number of
votes for
Number of
votes for
details
by votes for
shares
and against
shares
and against
and against
the
the
the relevant
resolution
resolution
resolution
(%)
(%)
(Resolution 4)
To authorise Directors to
issue shares pursuant to
97,677,686
87,667,686
89.75%
10,010,000
10.25%
Section 161
of the
Companies Act 1967.
(Resolution 5)
To approve the renewal of
Interested
Person
57,701,016
57,691,016
99.98%
10,000
0.02%
Transactions Mandate.
Details of parties who are required to abstain from voting on any resolution(s)
Resolution no. and details
Name
No. of shares held
(Resolution 5)
To approve the renewal of Interested
Chori Co., Ltd
39,976,670 ¹
Person Transactions Mandate.
¹ 39,976,670 ordinary shares of Chori Co., Ltd are held through nominees.
Name of firm appointed as Scrutineer
Entrust Advisory Pte. Ltd. was appointed as Scrutineer for the AGM.
By order of the Board
Chew Choon Tee
Managing Director
19 April 2024
Megachem Limited
Registration No.198803293M
Results of the Annual General Meeting
Page 3
This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor").
This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Bernard Lim (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
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Megachem Limited published this content on
19 April 2024 and is solely responsible for the information contained therein. Distributed by
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19 April 2024 09:33:02 UTC.
Megachem Limited is a Singapore-based global specialty chemical solutions provider. The Company offers integrated services including contract manufacturing tailored to customers' needs as well as distribution of specialty chemicals. Its contract manufacturing services provide a suite of solution, which spans from production, warehousing to transportation. Its contract manufacturing services include liquid toll blending, repacking/ re-drumming and auxiliary services. The Company is a chemical contract manufacturer in Singapore with approximately 49,000 square feet manufacturing facility. The Company's chemical distribution categories include performance coating & polymers, advanced polymer composites, surface technology, biotech, and resource, oil and gas. It operates through six geographical segments: Singapore, Malaysia, Indonesia, United Kingdom, China and Vietnam.
MEGACHEM LIMITED 
