HupSteel

[nitro]

Main points captured during AGM @ 29 Oct 2015

1.) 2 x M.D during transition period. Lim Kim Thor will oversee Pipes/Steel segment till exit old business.
Newly appointed Deputy MD Lim Boh Chuan will drive new growth. Looking for M&A, companies that require cash.

2.) Lim Boh Chuan mentioned
a. KimChuan property getting Certificate of Statutory Completion (CSC) in next 4 weeks
b. hope to book in rental income for this FY
c. options are opened for this KimChuan property. Open to sell if the price is right.

3.) Employee share options scheme was not passed by minority shareholders which dilutes minority shareholder's holdings by ~ 10%.