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Extension of Time To Hold the Seventeenth Annual General Meeting Of The Company

BackMay 14, 2020

Type

Announcement

Subject

OTHERS

Description

SALCON BERHAD ("SALCON" OR "THE COMPANY")

- EXTENSION OF TIME TO HOLD THE SEVENTEENTH ANNUAL GENERAL MEETING OF THE COMPANY

Reference is made to the following:-:

The announcements made by the Honourable Prime Minister in relation to the imposition of Movement Control Order (“MCO”) and Conditional MCO with effect from 18 March 2020 and 4 May 2020 respectively nationwide to curb the spread of the Coronavirus Disease 2019 ("COVID-19") infection in Malaysia; and
In support of the Government’s initiatives to ease the economic pressures arising from the COVID-19 pandemic, the Companies Commission of Malaysia has invoked its authority to grant (i) an extension of time (“EOT”) to companies affected by MCO to hold an Annual General Meeting ("AGM") for a period of ninety (90) days from the due date of convening of AGM in accordance with the powers under Section 340(4) of the Companies Act 2016 (“the Act”) and (ii) an EOT to companies with financial years ended after 31 August 2019 to 31 December 2019 to lodge their Audited Financial Statements for a period of ninety (90) days in accordance with the powers under Section 259(2) of the Act.

In view of the above, the Company has on 14 May 2020 submitted an application to the Registrar of Companies for an extension of time for a period of 90 days pursuant to Section 340(4) of the Act, to hold the Company’s Seventeenth ("17th") AGM.

Hence, the Company wishes to inform that:-

The Board of Directors of the Company ("Board") will monitor closely the development of COVID-19; and
The Board will determine and announce the date of the 17th AGM of the Company in due course.

This announcement is dated 14 May 2020.

Announcement Info

Company Name

SALCON BERHAD

Stock Name

SALCON

Date Announced

14 May 2020

Type	Announcement
Subject	OTHERS
Description	SALCON BERHAD ("SALCON" OR "THE COMPANY") - EXTENSION OF TIME TO HOLD THE SEVENTEENTH ANNUAL GENERAL MEETING OF THE COMPANY
Reference is made to the following:-: The announcements made by the Honourable Prime Minister in relation to the imposition of Movement Control Order (“MCO”) and Conditional MCO with effect from 18 March 2020 and 4 May 2020 respectively nationwide to curb the spread of the Coronavirus Disease 2019 ("COVID-19") infection in Malaysia; and In support of the Government’s initiatives to ease the economic pressures arising from the COVID-19 pandemic, the Companies Commission of Malaysia has invoked its authority to grant (i) an extension of time (“EOT”) to companies affected by MCO to hold an Annual General Meeting ("AGM") for a period of ninety (90) days from the due date of convening of AGM in accordance with the powers under Section 340(4) of the Companies Act 2016 (“the Act”) and (ii) an EOT to companies with financial years ended after 31 August 2019 to 31 December 2019 to lodge their Audited Financial Statements for a period of ninety (90) days in accordance with the powers under Section 259(2) of the Act. In view of the above, the Company has on 14 May 2020 submitted an application to the Registrar of Companies for an extension of time for a period of 90 days pursuant to Section 340(4) of the Act, to hold the Company’s Seventeenth ("17th") AGM. Hence, the Company wishes to inform that:- The Board of Directors of the Company ("Board") will monitor closely the development of COVID-19; and The Board will determine and announce the date of the 17th AGM of the Company in due course. This announcement is dated 14 May 2020.