This evening’s Boustead Annual General Meeting (AGM) was held at the Roxy Square and as I happened to attend this event, I would like to summarize and recap what has been discussed to fellow and potential investors who might be interested in the company.
This is also my first time seeing the Chairman of Boustead, Mr. Wong live in person. He seems to be very humorous, joyful, fun and light hearted towards the shareholders. Definitely one of the more fun-going Chairman I have witnessed in the AGM.
Without further a due, we’ll begin with the Q&A sections of the EGM and AGM.
As the EGM was scheduled ahead of the AGM, the one and only resolution was to pay in scrip-dividend method. One of the queries asked was why Boustead continued to elect for a scrip-dividend when its take-up rate is low and which may take …