EPB shareholders give nod to key resolutions at AGM
KUALA LUMPUR: Shareholders of EPB Group Bhd have approved key resolutions at its annual general meeting (AGM).
This includes directors' fees and benefits, the re-election of retiring directors and the reappointment of Folks DFK & Co as auditors.
They also approved a general mandate for the issuance of new shares under Sections 75 and 76 of the Companies Act 2016.
EPB said the favourable outcome reflects shareholders' strong confidence in its growth strategy and execution.
It said the financial year 2024 was a pivotal year, marked by its successful ACE Market listing on Bursa Malaysia, a strategic land purchase for future factory expansion, and deeper market penetration into Asean countries like the Philippines and Indonesia.
EPB managing director Yeoh Chee Min said the unanimous approval of all resolutions demonstrates shareholders' trust in the company's core strengths and long-term strategic direction.
"With a strong order book and committed team, we are well-positioned to drive our next phase of growth, one that embraces technological innovation, regional expansion, and long-term value creation for all stakeholders," he said.
The company reaffirmed its commitment to leveraging automation trends in the food manufacturing sector, backed by strong fundamentals and a well-defined growth strategy.
EPB's shares ended 0.93 per cent higher, rising by half a sen to 54.5 sen from the previous close of 54 sen, bringing its market capitalisation to RM202 million.
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