Friday, October 20, 2017

Affin Holdings EGM 2017 in Royale Chulan, Bukit Bintang, Kuala Lumpur

Recently attended a few companies AGM/EGM and I will start reviewing the Malaysian companies AGM/EGM on their food provided, free gift and of course to gain understanding of the company business. The company EGM is about reorganization of Affin Holdings to Affin Bank. Again I am the minority of the young people joining this event :-p


Board of directors taking their seats.

As usual not many people like to sit in front. I do learn a lot from the questions thrown by other share holders. Those senior share holders has a lot of understanding on their annual report and sometimes can trace small abnormality in the report.

Breakfast area.

Breakfast box. Muffins, croissant, hot dogs and water. Coffee and tea provided as well.

Benefit of accepting the proposal. As you can see, the proposal will reduce the NTA of the company as there are cost for the reorganization. However, in long run, there will be cost savings by having this type of reorganization. Example of benefits mentioned includes lower cost of borrowings and lower administrative cost. And of course by having this reorganization, they will need to cut their number of staffs too.

Registration.

Breakfast voucher and RM40 Royale Chulan voucher.

Electronic voting process begins.

I chose to take this buffet lunch as it worth it. Carvery Lunch at Royale Cafe.

Simple and nice table arrangement.

Formal dining. Suitable for business discussion.

Variety of salads.

Fruits and desserts.

Bread and buns.

Lamb.

Vegetables.

Beef.

Roasted chicken.

My lunch portion. Quite a good lunch.

This is not a recommendation of buy or sell Affin holding stock. If you do buy the company share after you read this, you are doing it at your own risk.

Comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...