AT Systematization Berhad, 19-Aug-2016

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Disclaimer: These are excerpts from student assignments conducted as part of a Corporate Finance class. The opinions represented do not necessarily agree with mine. I do not vouch for the quality of the recommendations or the accuracy of the numbers. Follow the recommendations on your own risk.

Proposal Excerpt of Student Recommendations
For Against
(2)To approve the payment of Directors’ Fees from RM258,000.00 up to RM260,000.00 for the financial year ending February 28, 2017 and payment of such Fees to the Directors of the Company.
  • Levels seem appropriate in general
  • Recent performance has been disappointing
(3) To re-elect the following Directors retiring under the provision of Article 132 of the Articles of Association of the Company, and who, being eligible offer themselves for re-election:-
(i) Dr. Ch’ng Huck Khoon
(ii) Mak Siew Wei
  • Directors are experienced and qualified
  • New directors may help improving the recently disappointing revenues.
(5)Authority To Allot And Issue Shares Pursuant To Section 132D Of The Companies Act, 1965
  • New financing is necessary for investment, especially into the solar energy market.
  • The firm raised 10% equity already last year. Students are concerned about potential dilution
  • Current debt levels are very low; AT Systematization Berhad should consider financing with debt rather than equity

Results:

http://www.moqixu.com/wp-content/uploads/2016/08/Poll-results.pdf

 

Table from link:

 

Video: