Comments Off on MATERIAL LITIGATION
25 Jun 2021

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” or “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

MESB BERHAD

 

Type Announcement
Subject MATERIAL LITIGATION
Description MESB BERHAD (“MESB” or “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.
 

We refer to the Company’s announcement dated 10 June 2021.

The Board of Directors of the Company wishes to announce that during the case management at the High Court of Kuala Lumpur on 25 June 2021, the Court has fixed a hearing date on 17 September 2021 for an application to stay the proceeding pending disposal of appeal filed by the other defendants. The Court further fixed a case management on 20 September 2021 for pre-trial direction.

The Company will make further announcement on any material development arising from the above matter as and when necessary.

This announcement is dated 25 June 2021.

Comments Off on Material Litigation
10 Jun 2021

Material Litigation

MATERIAL LITIGATION MESB BERHAD (“MESB” or “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

MESB BERHAD

 

Type Announcement
Subject MATERIAL LITIGATION
Description MESB BERHAD (“MESB” or “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.
 

We refer to the Company’s announcement dated 26 August 2019.

The Board of Directors of the Company wishes to announce that during the case management at the High Court of Kuala Lumpur on 10 June 2021, the Court has fixed a further case management on 25 June 2021 for pre-trial direction.

The Company will make further announcement on any material development arising from the above matter as and when necessary.

This announcement is dated 10 June 2021.

Comments Off on Quarterly rpt @ 31.03.21

Quarterly rpt on consolidated results for the financial period ended 31 Mar 2021

Financial Year End 30 Jun 2021
Quarter 3 Qtr
Quarterly report for the financial period ended 31 Mar 2021
The figures have not been audited

 

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2021

 

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

31 Mar 2021

31 Mar 2020

31 Mar 2021

31 Mar 2020

 

$$’000

$$’000

$$’000

$$’000

1

Revenue

34,438

41,507

98,315

127,478

2

Profit/(loss) before tax

506

623

4,942

411

3

Profit/(loss) for the period

-12

611

3,288

-455

4

Profit/(loss) attributable to ordinary equity holders of the parent

-12

611

3,288

-455

5

Basic earnings/(loss) per share (Subunit)

-0.01

0.72

3.33

-0.54

6 Proposed/Declared dividend per share (Subunit)

0.00

0.00

0.00

0.00

AS AT END OF CURRENT QUARTER

AS AT PRECEDING FINANCIAL YEAR END

7

Net assets per share attributable to ordinary equity holders of the parent ($$)

0.7100

0.7600

Attachment:

MESB Berhad – Q3 2021

 

 

Comments Off on MATERIAL LITIGATION
27 Apr 2021

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” or “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

 

Type Announcement
Subject MATERIAL LITIGATION
Description MESB BERHAD (“MESB” or “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.
 

We refer to the Company’s announcement made on 1 March 2021.

The Board of the Company wishes to announce that during the case management for Enclosure 16 held on 27 April 2021, the Court of Appeal has fixed a further case management on 8 November 2021 and the hearing for Enclosure has been fixed on 18 November 2021.

This announcement is dated 27 April 2021.

 

Comments Off on MULTIPLE PROPOSALS
7 Apr 2021

MULTIPLE PROPOSALS

MULTIPLE PROPOSALS MESB BERHAD (“MESB” OR THE “COMPANY”) – PROPOSED DIVERSIFICATION – PROPOSED SHAREHOLDERS’ MANDATE (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Type Announcement
Subject MULTIPLE PROPOSALS
Description MESB BERHAD (“MESB” OR THE “COMPANY”)

–              PROPOSED DIVERSIFICATION

–              PROPOSED SHAREHOLDERS’ MANDATE

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

We refer to the announcement made on 15 January 2021 and its subsequent announcements in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, KAF IB wishes to announce that the Company had obtained the approval for the Proposals from its shareholders at the extraordinary general meeting convened on 7 April 2021 at 2:30 p.m. As such, the Proposals have taken immediate effect following the shareholders’ approval on even date.

This announcement is dated 7 April 2021.

Comments Off on GENERAL MEETINGS: Outcome of Meeting

GENERAL MEETINGS: Outcome of Meeting

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 07 Apr 2021
Time 02:30 PM
Venue(s) Broadcast Venue

Lot 9-11 Menara Sentral Vista

No. 150, Jalan Sultan Abdul Samad

Brickfields, 50470 Kuala Lumpur

Malaysia

Outcome of Meeting The Board of Directors of MESB Berhad (“MESB” or “the Company”) wishes to announce that all the resolutions as prescribed in the Notice of Extraordinary General Meeting (“EGM”) of the Company dated 23 March 2021, were duly passed by the shareholders of the Company by way of poll via remote participation and voting at the EGM.

 

The result of the poll were validated by TMF Global Services (Malaysia) Sdn. Bhd., the independent scrutineer appointed by the Company.

Please refer to the attachment for the details of the outcome.

This announcement is dated 7 April 2021.

Voting Results  
 
1. Ordinary Resolution 1  
Description PROPOSED DIVERSIFICATION OF THE BUSINESS OF MESB AND ITS SUBSIDIARIES TO INCLUDE THE COLLECTION AND RECYCLING OF WASTEPAPER, PLASTICS SCRAP AND SCRAP FERROUS METAL
Shareholder’s Action For Voting  
Voted For Against  
No. of Shareholders 18 2  
No. of Shares 36,827,359 151  
% of Voted Shares 99.9996 0.0004  
Result Accepted  
 
2. Ordinary Resolution 2  
Description PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE  
Shareholder’s Action For Voting  
Voted For Against  
No. of Shareholders 14 3  
No. of Shares 12,541,372 240  
% of Voted Shares 99.9981 0.0019  
Result Accepted  

 

Attachment: MESB Berhad – EGM Poll Result

 

 

 

 

Comments Off on Additional Listing Announcement /Subdivision of Shares
Additional Listing Announcement /Subdivision of Shares
1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Exercise of Warrants
Details of corporate proposal Conversion of Warrants to Ordinary Shares
No. of shares issued under this corporate proposal 120,000
Issue price per share ($$) Malaysian Ringgit (MYR)   0.3000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 106,750,000
Issued Share Capital ($$) Malaysian Ringgit (MYR) 58,645,240.000
Listing Date 05-Apr-21
Comments Off on MATERIAL LITIGATION
1 Apr 2021

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

 

Type

Announcement

Subject

MATERIAL LITIGATION

Description

MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

We refer to the Company’s announcement made on 22 February 2021.

The Board of the Company wishes to announce that the High Court, upon hearing on the even date, dismissed the Plaintiff’s application for discovery as against the Company, with cost in the cause.

This announcement is dated 1 April 2021.

Comments Off on Additional Listing Announcement /Subdivision of Shares
Additional Listing Announcement /Subdivision of Shares
1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Exercise of Warrants
Details of corporate proposal Conversion of Warrants to Ordinary Shares
No. of shares issued under this corporate proposal 40,000
Issue price per share ($$) Malaysian Ringgit (MYR)   0.3000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 106,630,000
Issued Share Capital ($$) Malaysian Ringgit (MYR) 58,609,240.000
Listing Date 30-Mar-21
Comments Off on Circular/Notice to Shareholders

Circular/Notice to Shareholders

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- (I) PROPOSED DIVERSIFICATION; AND (II) PROPOSED SHAREHOLDERS’ MANDATE

Attachment:

MESB – Circular dated 23 March 2021

 

Comments Off on GENERAL MEETINGS: Notice of Meeting
GENERAL MEETINGS: Notice of Meeting
Type of Meeting Extraordinary
Indicator Notice of Meeting
Description MESB BERHAD (“MESB” OR THE “COMPANY”)
-NOTICE OF EXTRAORDINARY GENERAL MEETING (“EGM”)
The EGM will be held on fully virtual basis and entirely via remote participation and voting.
Date of Meeting 07-Apr-21
Time 2:30 PM
Venue(s) Broadcast Venue
Lot 9-11 Menara Sentral Vista
No. 150, Jalan Sultan Abdul Samad
Brickfields, 50470 Kuala Lumpur
Malaysia
Date of General Meeting Record of Depositors 31-Mar-21
Resolutions
1. Ordinary Resolution 1
Description PROPOSED DIVERSIFICATION OF THE BUSINESS OF MESB AND ITS SUBSIDIARIES TO INCLUDE THE COLLECTION AND RECYCLING OF WASTEPAPER, PLASTICS SCRAP AND SCRAP FERROUS METAL
Shareholder’s Action For Voting
2. Ordinary Resolution 2
Description PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE
Shareholder’s Action For Voting

Attachment:

MESB Berhad – Notice of EGM and Administrative Guide

 

Comments Off on Additional Listing Announcement /Subdivision of Shares
Additional Listing Announcement /Subdivision of Shares

 

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Exercise of Warrants
Details of corporate proposal Conversion of Warrants to Ordinary Shares
No. of shares issued under this corporate proposal 100,000
Issue price per share ($$) Malaysian Ringgit (MYR)   0.3000
Par Value($$) (if applicable)
 

Latest issued share capital after the above corporate proposal in the following

Units 106,250,000
Issued Share Capital ($$) Malaysian Ringgit (MYR) 58,495,240.000
Listing Date 22-Mar-21
Comments Off on Additional Listing Announcement /Subdivision of Shares
Additional Listing Announcement /Subdivision of Shares
1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Exercise of Warrants
Details of corporate proposal Conversion of Warrants to Ordinary Shares
No. of shares issued under this corporate proposal 50,000
Issue price per share ($$) Malaysian Ringgit (MYR)   0.3000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 106,150,000
Issued Share Capital ($$) Malaysian Ringgit (MYR) 58,465,240.000
Listing Date 12-Mar-21
Comments Off on Change of Company Secretary

Change of Company Secretary

Date Of Change   09 Mar 2021
Type Of Change   Resignation
Designation   Joint Secretary
License No   LS 0009932
Name   TAN KOK SIONG
Working experience and occupation during past 5 years  
Comments Off on Change of Company Secretary

Change of Company Secretary

Date Of Change   09 Mar 2021
Type Of Change   Resignation
Designation   Joint Secretary
License No   MAICSA 7058049
Name   TAN BEE HWA
Working experience and occupation during past 5 years  

 

Comments Off on Change of Company Secretary

Change of Company Secretary

 

Date Of Change   09 Mar 2021
Type Of Change   Appointment
Designation   Company Secretary
License No   MACS 01324
Name   TEA SOR HUA
Working experience and occupation during past 5 years  
Comments Off on Change of Address
9 Mar 2021

Change of Address

Change of Address
Change description REGISTERED
Old address 10th Floor Menara Hap Seng
No. 1 & 3, Jalan P. Ramlee
50250  Kuala Lumpur
Wilayah Persekutuan
Malaysia
New address Third Floor, No. 77, 79 & 81,
Jalan SS21/60, Damansara Utama,
47400  Petaling Jaya
Selangor
Malaysia
Telephone No 03 -77251777
Facsimile No 03 -77223668
E-mail address cms_cospec@yahoo.com
Effective date 09-Mar-21
Comments Off on MATERIAL LITIGATION
1 Mar 2021

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

Type Announcement
Subject MATERIAL LITIGATION
Description MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.
 

We refer to the Company’s announcement made on 22 February 2021.

The Board of the Company wishes to announce that during the case management for Enclosure 16 held on 26 February 2021, the Court of Appeal has fixed a further case management on 27 April 2021.

This announcement is dated 1 March 2021.

Comments Off on MATERIAL LITIGATION
27 Feb 2021

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” or “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

Type

Announcement

Subject

MATERIAL LITIGATION

Description

MESB BERHAD (“MESB” or “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

 

We refer to the Company’s announcement made on 1 March 2021.

The Board of the Company wishes to announce that during the case management for Enclosure 16 held on 27 April 2021, the Court of Appeal has fixed a further case management on 8 November 2021 and the hearing for Enclosure has been fixed on 18 November 2021.

This announcement is dated 27 April 2021.

Comments Off on Quarterly rpt @ 31 December 2020

Quarterly rpt on consolidated results for the financial period ended 31 Dec 2020

 

Financial Year End 30 Jun 2021
Quarter 2 Qtr
Quarterly report for the financial period ended 31 Dec 2020
The figures have not been audited

Attachment: MESB2020 2QTR REPORT 

MESB2020 2QTR_NOTE

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2020

 

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

31 Dec 2020

31 Dec 2019

31 Dec 2020

31 Dec 2019

 

$$’000

$$’000

$$’000

$$’000

1

Revenue

29,625

53,745

63,877

85,971

2

Profit/(loss) before tax

1,071

3,902

4,436

-212

3

Profit/(loss) for the period

611

3,049

3,300

-1,066

4

Profit/(loss) attributable to ordinary equity holders of the parent

611

3,049

3,300

-1,066

5

Basic earnings/(loss) per share (Subunit)

0.64

3.69

3.47

-1.29

6

Proposed/Declared dividend per share (Subunit)

0.00

0.00

0.00

0.00

AS AT END OF CURRENT QUARTER

AS AT PRECEDING FINANCIAL YEAR END

7

Net assets per share attributable to ordinary equity holders of the parent ($$)

0.7100

0.7600

 

 

 

Comments Off on 25th AGM Summary of Key Matter(s) Discussed

MESB BERHAD [Registration No. 199501008356 (337554-D)]

 SUMMARY OF KEY MATTER(S) DISCUSSED AT

THE TWENTY-FIFTH ANNUAL GENERAL MEETING

The Twenty-Fifth Annual General Meeting (“25th AGM”) held Virtually from the Broadcast Venue at Lot 9-11, Menara Sentral Vista, No. 150, Jalan Sultan Abdul Samad, Brickfields, 50470 Kuala Lumpur on Thursday, 17 December 2020 at 9:30 a.m.

The following key matter was discussed during 25th AGM of the Company, which was duly responded by Mr Loke Lee Ping, the Chief Executive Officer of the Company:-

Question : –

What is the strategies of the Company to keep moving forward?

Answered: –

The existing retailing market is challenging due the change in the external environment. However, the aim of the Company is to deliver a long-term value to its shareholders. Accordingly, the Management would focus its retailing business by employing multiple strategies to attain competitive advantage.

There were no other questions raised by the members and proxies at the 25th AGM of the Company.

Comments Off on MATERIAL LITIGATION
22 Feb 2021

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

 

Type

Announcement

Subject

MATERIAL LITIGATION

Description

MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

We refer to the Company’s announcements made on 26 August 2019, 4 September 2019, 18 October 2019, 6 November 2019, 12 February 2020, 25 March 2020, 18 May 2020, 2 December 2020, 16 December 2020, 11 January 2021 and 14 January 2021.

The Board of the Company wishes to announce that further to the Company’s announcement on 11 January 2021, during the case management held on 19 February 2021 in respect of the application of discovery proceeding filed by Zelleco Engineering Sdn Bhd, the Court has fixed a hearing for the said application on 1 April 2021.

In respect of the appeal for Enclosure 16 and as announced on 14 January 2021, the upcoming case management for the appeal of Enclosure 16 has been fixed by the Court of Appeal on 26 February 2021.

This announcement is dated 22 February 2021.

Comments Off on OTHERS
11 Feb 2021

OTHERS

OTHERS MESB BERHAD (“MESB” or “the Company”) INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY – MESB RESOURCES SDN. BHD. (“MESB Resources”)

Type Announcement
Subject OTHERS
Description MESB BERHAD (“MESB” or “the Company”)

INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY – MESB RESOURCES SDN. BHD. (“MESB Resources”)

1. INTRODUCTION

The Board of Directors of MESB wishes to announce that the Company had incorporated a wholly-owned subsidiary known as MESB Resources.

2. BACKGROUND INFORMATION ON MESB RESOURCES

MESB Resources was incorporated in Malaysia under the Companies Act 2016 on 5 February 2021. The issued share capital is RM2.00 divided into 2 ordinary share of RM1 each. The paid up will be increased to RM100,000 within a month.

The intended principal activity of MESB Resources is Waste Recycling Management.

3. FINANCIAL EFFECT OF THE INCORPORATION

The incorporation of MESB Resources is not expected to have any material effects on the earnings or net assets of the Company for the financial year ending 30 June 2021.

4. APPROVAL

The Incorporation does not require the approval of the Shareholders of MESB.

5. DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS

Other than their respective interests through MESB, none of the Directors and/or major shareholders or persons connected to them has any interests, direct or indirect, in the aforesaid incorporation.

6. STATEMENT BY DIRECTORS

The Board of Directors is of the opinion that the incorporation is in the best interest of the Company.

 

This announcement is dated 11 February 2021.

Comments Off on MULTIPLE PROPOSALS (Amended Announcement)

MULTIPLE PROPOSALS MESB BERHAD (“MESB” OR THE “COMPANY”) – PROPOSED DIVERSIFICATION – PROPOSED SHAREHOLDERS MANDATE (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Amended Announcements
Please refer to the earlier announcement reference number: GA1-14012021-00044

Type Announcement
Subject MULTIPLE PROPOSALS
Description MESB BERHAD (“MESB” OR THE “COMPANY”)

–              PROPOSED DIVERSIFICATION

–              PROPOSED SHAREHOLDERS MANDATE

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

We refer to the announcement made on 15 January 2021 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

On behalf of the Board, KAF IB wishes to announce the following amendment to the conditionality of the Proposals as disclosed in Section 8.0 of the Announcement:-

As per the Announcement Revised statement

The Proposed Diversification and the Proposed Shareholders’ Mandate are inter-conditional upon one another. The Proposals are not conditional upon any other corporate proposals undertaken or to be undertaken by MESB.

The Proposed Shareholders’ Mandate is conditional upon the Proposed Diversification but not vice versa. The Proposals are not conditional upon any other corporate proposals undertaken or to be undertaken by MESB.

Save for the above, all the other terms and conditions as stated in the Announcement shall remain valid and in full force and effect.

This announcement is dated 2 February 2021.

Comments Off on MULTIPLE PROPOSALS
15 Jan 2021

MULTIPLE PROPOSALS

MULTIPLE PROPOSALS MESB BERHAD (“MESB” OR THE “COMPANY”) – PROPOSED DIVERSIFICATION – PROPOSED SHAREHOLDERS’ MANDATE (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Type Announcement
Subject MULTIPLE PROPOSALS
Description MESB BERHAD (“MESB” OR THE “COMPANY”)

–              PROPOSED DIVERSIFICATION

–              PROPOSED SHAREHOLDERS’ MANDATE

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

On behalf of the Board of Directors of MESB, KAF Investment Bank Berhad wishes to announce that the Company is proposing to undertake the following proposals:

(i)         proposed diversification of the existing business of the MESB and its subsidiaries (“MESB Group“) to include the collection and recycling of wastepaper, plastics scrap and scrap ferrous metal (“Proposed Diversification”); and

(ii)        proposed shareholders’ mandate for recurrent related party transactions expected to be entered into by the MESB Group with related parties pursuant to the Proposed Diversification.

Kindly refer to the attached document for the complete announcement.

MESB – Announcement dated 15.1.2021

 

This announcement is dated 15 January 2021.

 

 

Comments Off on MATERIAL LITIGATION
14 Jan 2021

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

Type Announcement
Subject MATERIAL LITIGATION
Description MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

We refer to the Company’s announcements made on 26 August 2019, 4 September 2019, 18 October 2019, 6 November 2019, 12 February 2020, 25 March 2020, 18 May 2020, 2 December 2020, 16 December 2020 and 11 January 2021 (“Previous Announcements”).

For ease of reference, the terms and abbreviations used in the Previous Announcements shall be adopted herein.

The Board of the Company wishes to announce that the Court of Appeal has fixed a case management for Enclosure 16 on 26 February 2021.

This announcement is dated 14 January 2021.

Comments Off on MATERIAL LITIGATION
11 Jan 2021

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

MESB BERHAD

 

Type Announcement
Subject MATERIAL LITIGATION
Description MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

We refer to the Company’s announcements made on 26 August 2019, 4 September 2019, 18 October 2019, 6 November 2019, 12 February 2020, 25 March 2020, 18 May 2020, 2 December 2020 and 16 December 2020.

The Board of the Company wishes to announce that the Company had on 8 January 2021 filed a notice of appeal to the Court of Appeal for Enclosure 16. On the same day, the Company received a notice of application for discovery proceeding from Zelleco Engineering Sdn Bhd.

Further to the case management on the even date, the Court has fixed for a case management on 19 February 2021.

This announcement is dated 11 January 2021

Comments Off on Change in Boardroom
21 Dec 2020

Change in Boardroom

Change in Boardroom

Date of change 21 Dec 2020
Name MR WONG SAK KUAN
Age 52
Gender Male
Nationality Malaysia
Designation Director
Directorate Non Independent and Non Executive
Type of change Appointment

Qualifications

No Qualifications

Major/Field of Study

Institute/University Additional Information
1 Diploma Civil Engineering

Federal Institute of Technology

 

Working experience and occupation Mr. Wong Sak Kuan (Mr. Wong) has more than 35 years of experience in the construction and development industry.

Upon graduating with a Diploma in Civil Engineering from the Federal Institute of Technology (FIT) in 1990, he joined his family’s construction business erecting factory buildings and warehouses for a public listed paper mill group of companies. In 1995, he steered the construction company into various residential, commercial and industrial development projects in Selangor and Penang states.

Apart from the construction activities, Mr. Wong also owns other businesses such as trading; recycling and paper roll rewinding services; transportation and workshop; and F&B.

Mr Wong is currently a Non-independent Non-Executive Vice Chairman of Lotus KFM Berhad. Mr. Wong currently also sits on the board of several private limited companies.

Directorships in public companies and listed issuers (if any)

Lotus KFM Berhad

Family relationship with any director and/or major shareholder of the listed issuer

No

Any conflict of interests that he/she has with the listed issuer

No

Details of any interest in the securities of the listed issuer or its subsidiaries

Securities held in MESB Berhad

Direct Interest – 35,507,898 Ordinary Share (33.467%)

 

 

Comments Off on GENERAL MEETINGS: Outcome of Meeting
GENERAL MEETINGS: Outcome of Meeting
Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 17-Dec-20
Time 9:30 AM
Venue(s) Broadcat Venue
Lot 9-11 Menara Sentral Vista
No. 150, Jalan Sultan Abdul Samad
Brickfields, 50470 Kuala Lumpur
Malaysia
Outcome of Meeting The Board of MESB Berhad (“Company” or “MESB”) is pleased to announce that the resolutions set out in the Notice of the Twenty-Fifth Annual General Meeting (“25th AGM”) of the Company dated 30 October 2020 were duly passed as Ordinary / Special Resolutions by way of a poll at the 25th AGM of the Company held on Thursday, 17 December 2020 at 09:30 a.m.
The results of the poll were validated by TMF Global Services (Malaysia) Sdn. Bhd., the Independent Scrutineer appointed by the Company.
This announcement is dated 17 December 2020.
Voting Results
1. Ordinary Resolution 1
Description To re-elect Mr. Chua Jin Kau as a Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 51,338,972 0
% of Voted Shares 100 0
Result Accepted
2. Ordinary Resolution 2
Description To re-elect Mr. Tan Yew Kim as a Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 1
No. of Shares 51,338,971 1
% of Voted Shares 99.9999 0.0001
Result Accepted
3. Ordinary Resolution 3
Description To approve the Directors Fees for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 51,338,972 0
% of Voted Shares 100 0
Result Accepted
4. Ordinary Resolution 4
Description To approve the payment of Directors Remuneration for period from 18 December 2020 until the conclusion of the next Annual General Meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 1
No. of Shares 51,338,971 1
% of Voted Shares 99.9999 0.0001
Result Accepted
5. Ordinary Resolution 5
Description To re-appoint Messrs KPMG PLT as Auditors of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 51,338,972 0
% of Voted Shares 100 0
Result Accepted
6. Ordinary Resolution 6
Description Tier 1
To approve continuing in Office for Encik Saffie Bin Bakar as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 35,507,898 0
% of Voted Shares 100 0
Result Accepted
7. Ordinary Resolution 6
Description Tier 2
To approve continuing in Office for Encik Saffie Bin Bakar as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 1
No. of Shares 15,831,073 1
% of Voted Shares 99.9999 0.0001
Result Accepted
8. Ordinary Resolution 7
Description To approve continuing in Office for Mr. Tan Yew Kim as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 1
No. of Shares 51,338,971 1
% of Voted Shares 99.9999 0.0001
Result Accepted
9. Special Resolution 1
Description Proposed Amendment to the Company’s Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 51,338,972 0
% of Voted Shares 100 0
Result Accepted
10. Ordinary Resolution 8
Description To approve Authority to Issue and Allot Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 51,338,972 0
% of Voted Shares 100 0
Result Accepted
Comments Off on MATERIAL LITIGATION
16 Dec 2020

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

We refer to the Company’s announcements made on 26 August 2019, 4 Septemer 2019, 18 October 2019, 6 November 2019, 12 February 2020, 25 March 2020, 18 May 2020 and 2 Deccember 2020.

The Board of the Company wishes to announce that the Company’s application to strike out a claim filed by Zelleco Engineering Sdn Bhd vide Suit No.: WA-22NCvC-578-09/2019 (“Enclosure 16”) was dismissed by the Court on 16 December 2020. The Board is currently seeking legal opinion as to whether the Company should appeal against the said dismissal of Enclosure 16. At this juncture, the Board is of the opinion that the Plaintiff’s claim has no merits and it has good grounds to appeal against the rulings. The case is now fixed for case management on 11 January 2021.

Any further material development of the above matter will be announced in due course.

This announcement is dated 16th day of December 2020.

 

Comments Off on GENERAL MEETINGS: Notice of Meeting (Amended Announcements)
GENERAL MEETINGS: Notice of Meeting
Amended Announcements
Please refer to the earlier announcement reference number: GMA-23102020-00001
Type of Meeting General
Indicator Notice of Meeting
Description MESB BERHAD (MESB OR THE COMPANY) – ADDENDUM TO THE NOTICE OF TWENTY-FIFTH ANNUAL GENERAL MEETING (“25TH AGM”) AND FORM OF PROXY FOR THE 25TH AGM
Date of Meeting 17-Dec-20
Time 9:30 AM
Venue(s) Broadcat Venue
Lot 9-11 Menara Sentral Vista
No. 150, Jalan Sultan Abdul Samad
Brickfields, 50470 Kuala Lumpur
Malaysia
Date of General Meeting Record of Depositors 11-Dec-20
Resolutions
1. For Information
Description To receive the Audited Financial Statements of the Company for the financial year ended 30 June 2020 together with the Reports of the Directors and Auditors thereon.
Shareholder’s Action For Information Only
2. Ordinary Resolution 1
Description To re-elect Mr. Chua Jin Kau as a Director.
Shareholder’s Action For Voting
3. Ordinary Resolution 2
Description To re-elect Mr. Tan Yew Kim as a Director.
Shareholder’s Action For Voting
4. Ordinary Resolution 3
Description To approve the Directors Fees for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
5. Ordinary Resolution 4
Description To approve the payment of Directors Remuneration for period from 18 December 2020 until the conclusion of the next Annual General Meeting.
Shareholder’s Action For Voting
6. Ordinary Resolution 5
Description To re-appoint Messrs KPMG PLT as Auditors of the Company.
Shareholder’s Action For Voting
7. Ordinary Resolution 6
Description Tier 1
To approve continuing in Office for Encik Saffie Bin Bakar as an Independent Non-Executive Director.
Shareholder’s Action For Voting
8. Ordinary Resolution 6
Description Tier 2
To approve continuing in Office for Encik Saffie Bin Bakar as an Independent Non-Executive Director.
Shareholder’s Action For Voting
9. Ordinary Resolution 7
Description To approve continuing in Office for Mr. Tan Yew Kim as an Independent Non-Executive Director.
Shareholder’s Action For Voting
10. Special Resolution 1
Description Proposed Amendment to the Company’s Constitution.
Shareholder’s Action For Voting
11. Ordinary Resolution 8
Description To approve Authority to Issue and Allot Shares.
Shareholder’s Action For Voting

 

Please refer attachment below.

MESB-Addendum Notice 25th AGM (Virtual)

Comments Off on MATERIAL LITIGATION
2 Dec 2020

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

Type Announcement
Subject MATERIAL LITIGATION
Description MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.
 

We refer to the Company’s announcements made on 26 August 2019, 4 September 2019, 18 October 2019, 6 November 2019, 12 February 2020, 25 March 2020 and18 May 2020.

The Board of Directors of the Company wishes to announce that the Court has fixed a new decision date on 16 December 2020.

The Company will make further announcement on any material development arising from the above matter as and when necessary.

This announcement is dated 2 December 2020.