Summary
- Betamek shareholders approved all resolutions at the company’s fifth AGM.
- A final single-tier dividend of 1.25 sen per share was approved.
- The dividend will be paid on Oct 12 to eligible shareholders.
- Shareholders also approved authority for Betamek to buy back up to 10% of its issued shares.
KUALA LUMPUR, September 15 — Betamek Berhad shareholders approved all resolutions at the automotive electronics manufacturer’s fifth annual general meeting in Rawang.
Shareholders endorsed a final single-tier dividend of 1.25 sen per share for the financial year ended March 31, payable on Oct 12 to shareholders on the register as of Oct 1.
They also approved the re-election of two directors and reappointment of Grant Thornton Malaysia as auditor. Betamek received authority to issue shares of up to 10% of its issued shares.
And buy back up to 10%, subject to regulatory requirements. The company plans to broaden its customer base and invest in automotive and selected non-automotive opportunities.
