LEON FUAT BERHAD (“Leon Fuat” or the “Group”), a manufacturer and trader of steel products specialising in rolled long and flat steel, today announced that shareholders have approved all resolutions at the Group’s 18th Annual General Meeting (“AGM”), held at Tropicana Golf & Country Resort, Petaling Jaya.
Among the key matters approved was the declaration of a final single-tier dividend of 1.0 sen per share for the financial year ended 31 December 2024 (“FYE2024”). The dividend will be paid on 22 July 2025 to shareholders whose names appear in the Record of Depositors at the close of business on 30 June 2025.
Shareholders also received the Audited Financial Statements for FYE2024, along with the accompanying Directors’ and Auditors’ Reports. Approval was granted for the payment of Directors’ fees and allowances, covering the period from 14 June 2025 until the next AGM.
In line with the Group’s ongoing commitment to corporate governance, shareholders re-elected Dato’ Lim Cheng Poh, Dato’ Sri Ooi Bin Keong, and Ooi Seng Khong as Directors retiring in accordance with Article 92 of the Company’s Constitution. Messrs Baker Tilly Monteiro Heng PLT was also re-appointed as the Company’s auditors for the financial year ending 31 December 2025, with authority given to the Directors to fix their remuneration.
In addition to the ordinary business, shareholders passed several key resolutions under special business. These included the renewal of authority for the Directors to issue shares under Sections 75 and 76 of the Companies Act 2016, and the proposed renewal of the existing shareholders’ mandate for recurrent related party transactions of a revenue or trading nature.
Calvin Ooi Shang How, Executive Director of Leon Fuat expressed appreciation for the continued support, stating, “We thank our shareholders for their ongoing trust and endorsement of all resolutions tabled at this year’s AGM. The approval of the dividend reflects our commitment to rewarding shareholders, even as we navigate a dynamic operating landscape.”
He added, “As we move through FY2025, we will continue to strengthen our operating fundamentals, manage costs prudently, and adapt to shifting market demands. With a clear strategy in place and the support of our shareholders and board, we are optimistic in our ability to deliver value and sustain profitability moving forward.”
