Saliran to ride on listing momentum, expand footprint in Asean
Saliran also plans to enhance its delivery and manufacturing capabilities under the "THF" co-owned brand.
The THF brand is jointly owned by Saliran and Tae Heung Forging Co Ltd, with each partner contributing to its success.
Saliran held its first annual general M
meeting (AGM) today, where all 11 ordinary resolutions tabled were approved by shareholders.
Key resolutions included the adoption of the Audited Financial Statements for the financial year ended Dec 31, 2024, and the approval of directors' fees and benefits for the financial years ending 2025 and 2026.
The shareholders also approved the re-election of all six retiring directors and the re-appointment of Messrs. Kreston John & Gan as the company's external auditors.
Another key resolution passed was the authority granted to the board of directors to issue and allot new shares pursuant to Sections 75 and 76 of the Companies Act 2016, providing the company with flexibility for potential fundraising exercises to support future growth initiatives.
"We are grateful to our shareholders for their continued trust and support during this important chapter of our corporate journey.
"The strong mandate given today reflects confidence in our long-term strategy," Saliran managing director Liaw Choon Wei said.
"With the completion of our initial public offering (IPO) and listing in March 2025, and now the successful conclusion of our first AGM, we are more committed than ever to driving sustainable growth and value creation across our markets," he added.
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