KUALA LUMPUR: Supported by steady upstream activity in key Asian markets and continued demand for specialty chemical solutions, Sumisaujana Group Bhd remains cautiously optimistic on the outlook for the oil and gas (O&G) sector.
While global macroeconomic uncertainties and cost pressures remain key considerations, Sumisoujana will continue disciplined cost management, prudent capital allocation and active market participation to support sustainable growth.
At its second annual general meeting (AGM) shareholders approved all the resolutions tabled.
Shareholders received the audited financial statements for the financial year ending December 31, 2025 (FY25), along with the directors’ report and auditors’ report.
Shareholders approved the payment of directors’ fees and benefits for the period from June 24, 2026 until the group’s next AGM.
Liang Kok Siang and Toh Chee Seng were re-elected as directors in accordance with the group’s constitution at the meeting.
Additionally, Crowe Malaysia PLT was re-appointed as auditor for financial year 2026, with shareholders authorizing the directors to decide their remuneration.
Shareholders also approved the general mandate in accordance with Sections 75 and 76 of the Companies Act 2016, which authorizes the directors to issue and allot up to 10% of the total number of shares issued, subject to relevant regulatory requirements.
This mandate provides Sumisoujana with strategic flexibility to support future funding requirements, working capital needs, potential investments, acquisitions and where appropriate, other corporate objectives.
Executive Director and CEO Norazlam Norbi said Sumisoujana is grateful for the continued trust and support of its shareholders as the Group enters its next phase of growth as a listed company.
“The approval of all proposals reflects shareholder confidence in our governance framework, business direction and long-term strategy.
“As we move forward, we are focused on strengthening operational efficiencies, expanding our market presence and building a more flexible specialty chemicals platform in key regional and international markets,” he said.
The successful conclusion of the AGM came as Sumisaujana continued to advance its strategic priorities, including strengthening its core O&G specialty chemicals business, expanding its product capabilities and enhancing its operating base through ongoing investments in facilities, research and development and sustainability-related initiatives.
With the shareholder support received at the AGM, Sumisaujana is committed to delivering long-term value to stakeholders by strengthening its competitive position, expanding its customer base and pursuing growth opportunities with its technical expertise and regional expansion strategy.
