SHAREHOLDERS' EQUITY (RM'000)
NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019
29. Date of Authorisation for Issue
Total equity 23,897,966 22,839,008
Gearing ratio (times) 0.39 0.46
There were no changes in the Group‟s approach to capital management during the financial year.
The Company is not subject to any externally imposed capital requirements.
28. Subsequent Event
(a) On 1 April 2020, the proposed disposal of the entire equity interest in Len Cheong Furniture Sdn Bhd has been completed in accordance with the terms and conditions of the Sale and Purchase Agreement.
(b) The emergence of COVID-19 since early 2020 has brought about uncertainties to the Group‟s operating environment and has impacted the Group‟s operations and its financial position subsequent to the financial year end. The Group is cognizant of the challenges posed by these developing events and the potential impact on the Group business sector. The Group will continuously assess the situation, work closely with the local authorities to support their efforts in containing the spread of COVID-19, and put in place measures to minimise impact to the Group business. As the situation is still evolving, the full effect of the outbreak is subject to uncertainty and could not be ascertained yet.
29. Date of Authorisation for Issue
The financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the Directors on 18 June 2020.
135
TOTAL NET BOOK VALUE OF PROPERTIES RM30,870,000
136 Voting Rights: One (1) Vote per Share Breakdown of shareholdings
Edward Sow Yuen Seng (2) 20,679,400 31.33
Emily Sow Mei Chet(2) 20,679,400 31.33
Note:
(1) Deemed interest through shares held by her spouse (2) Deemed interest through shares held by his/her father
Holdings No. of holders Total holdings %
less than 100 19 836 0
100 to 1,000 579 523,600 0.79
1,001 to 10,000 853 3,267,713 4.95
10,001 to 100,000 227 6,962,501 10.55
100,001 to less than 5% of issued shares 52 40,945,350 62.04
5% and above of issued shares 3 14,300,000 21.67
1733 66,000,000 100
137 ANALYSIS OF SHAREHOLDINGS
Top 30 Registered Shareholders
NO. SHAREHOLDERS NO. OF
SHARES
%
1 AMSEC NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SOW CHIN CHUAN
6,300,000 9.55
2 ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR SOW CHIN CHUAN
4,000,000 6.06
3 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR SOW CHIN CHUAN
4,000,000 6.06
4 GOLDPEACE CORPORATION SDN BHD 3,274,600 4.96
5 SWISS HOTEL SDN BHD 3,272,100 4.96
6 LAU CHEE TAT 3,137,600 4.75
7 GROWN MINING & ENGINEERING SDN BHD 3,131,200 4.74
8 AMSEC NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR KOH HOCK LYE
3,084,000 4.67
9 BIOTREND RESOURCES SDN BHD 3,081,800 4.67
10 AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR SOW CHIN CHUAN
3,000,000 4.55
11 RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR SOW CHIN CHUAN (MLK)
2,379,400 3.61
12 FOO AI CHUAN 2,156,700 3.27
13 CHENG SOK HUANG 1,241,800 1.88
14 ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR LIM MIOW LEONG
1,130,400 1.71
15 LIM KIM ENG 1,087,100 1.65
138 ANALYSIS OF SHAREHOLDINGS (CON’T) Top 30 Registered Shareholders
NO. SHAREHOLDERS NO. OF
SHARES
%
16 HLB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SOW CHIN CHUAN
1,000,000 1.52
17 ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR KOK CHEE KHUNG
981,700 1.49
18 LIM KAH CHUAN 811,800 1.23
19 AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR LEE KENG CHYE
500,000 0.76
20 LOH SAI ENG 423,900 0.64
21 LEE HOON LIEN 423,800 0.64
22 PUBLIC NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR ENG CHEW ONG
362,100 0.55
23 KOH SOOI KWANG 350,000 0.53
24 LIM SIEW KHEONG 346,500 0.53
25 LOW MUN TENG 320,000 0.48
26 LEE KAH WOH 306,500 0.46
27 LOH CHEE KEONG 301,000 0.46
28 HO YIN KEONG 300,000 0.45
29 LIM ENG WAN 300,000 0.45
30 MAYBANK NOMINEES (TEMPATAN) SDN BHD EYO SZE GUAN
300,000 0.45
139
being a *member/members of SAND NISKO CAPITAL BERHAD, hereby appoint _____________________________________
___________________________________NRIC No. ______________________________________of _______________________
________________________________________________________________________________________ and/or failing *him/her _____________________________________________________________________NRIC No. ______________________________
of _________________________________________________________________________________________________________
as *my /our proxy to vote for *me/us on *my/our behalf at the Twenty-Fifth Annual General Meeting of the Company to be held at the Conference Room, Lot 76 & 77, Kawasan Perindustrian Bukit Rambai, Bukit Rambai, 75250 Melaka on Tuesday, 18 August 2020 at 10.00 a.m. and at any adjournment thereof.
The proportion of *my/our holding to be represented by *my/our proxy are as follows:
(The next paragraph must be completed if two proxies are appointed)
No. of Shares Held First Proxy ________________ % Second Proxy ________________%
*My/Our proxy is to vote as indicated below:
No. Resolutions For Against
ORDINARY BUSINESS
1. To approve the payment of Directors‟ fees and benefits of up to RM78,000 from 19 August 2020 until the conclusion of the next Annual General Meeting of the Company.
2. To re-elect Datin Seri Chu Kim Guek as Director 3. To re-elect Encik Abd Rauf Bin Abd Rahim as Director
4. To appoint Messrs. UHY (AF 1411) as Auditors of the Company and to authorise the Directors to fix their remuneration
SPECIAL BUSINESS
5. To retain Encik Abd Rauf Bin Abd Rahim as an Independent Non-Executive Director 6. To retain Encik Mohd Isa Bin Ismail as an Independent Non-Executive Director 7. Authority to Allot Shares pursuant to Sections 75 and 76 of the Companies Act 2016 8. Proposed Renewal of Authority for the Company to Purchase its own shares
9. Proposed Renewal of Existing Shareholders‟ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
10. Revocation of Directors‟ Circular Resolution dated 7 January 2004 (Please indicate with „X‟ how you wish to cast your vote)
Dated this day of 2020 ……….……….……….
Signature/Common Seal of Shareholder(s) Notes:
1. Every Member including Authorised Nominee and an Exempt Authorised Nominee which holds ordinary shares in the Company for multiple beneficial owners in one securities account (“Omnibus Account”) is entitled to appoint another person as his proxy to exercise all or any of his rights to attend, participate, speak and vote instead of him at the Annual General Meeting and that such proxy need not be a Member.
2. Where a Member appoints more than one (1) proxy, the appointment shall be invalid unless he specifies the proportion of his holdings to be represented by each proxy.
3. The instrument appointing a proxy shall be in writing under the hand of the appointor or of his attorney duly authorised in writing or, if the appointor is a corporation, either under the corporation‟s Seal or under the hand of an officer or attorney duly authorized.
4. The Proxy Form must be deposited at the registered office of the Company at 50-1, 52-1 & 54-1, Jalan BPM 2, Taman Bukit Piatu Mutiara, 75150 Melaka not less than 24 hours before the time appointed for holding the Meeting or any adjournment thereof.
5. Depositors who appear in the Record of Depositors as at 11 August 2020 shall be regarded as Member of the Company entitled to attend the Twenty-Fifth Annual General Meeting or appoint a proxy to attend and vote on his behalf.