Latest Newsletter: MSWG Weekly Newsletter 06 December 2019 (English)
MESSAGE FROM THE CEO
Seacera Group Berhad’s AGM Fracas
On 29 November 2019, MSWG’s team members attended the AGM of Seacera Group Berhad (“Seacera” or the “Company”) at the KIP Hotel along Jalan Ipoh.
Even as we entered the AGM registration area, there was a sense of ‘all is not well’ as we noticed about a dozen bodyguard-like personnel, (the Company called them ‘stewards’), in uniform with red lapel pins and some with dark sun glasses, strategically located at the registration foyer, the entrance to the AGM hall and inside the hall. It was as if the Company was expecting trouble at the AGM.
The AGM commenced and went on reasonably well. The Board answered MSWG’s question on the progress of the regularisation plan as Seacera was a PN 17 company. The Board also informed that the incoming Board would be in a better position to comment on the regularisation plan…which seemed fair enough given the number of directors who were vying for Board positions (including re-elections) – 32 potential directors – an incredibly large number for even a large company.