Saliran Group Berhad (“Saliran” or the “Company”), an established supplier and distributor of pipes, fittings and flanges as well as related parts and accessories, and steel products, today announced the successful conclusion of its First Annual General Meeting (“1st AGM”) held at Hilton Garden Inn Puchong, Selangor.
During the AGM, all 11 ordinary resolutions tabled were duly passed by shareholders, including the receipt of the Audited Financial Statements for the financial year ended 31 December 2024 and the approval of Directors’ fees and benefits for the financial years ending 2025 and 2026.
The shareholders also approved the re-election of all six retiring directors and the re-appointment of Messrs. Kreston John & Gan as the Company’s external auditors.
A key resolution passed was the authority granted to the Board of Directors to issue and allot new shares pursuant to Sections 75 and 76 of the Companies Act 2016, providing the Company with flexibility for potential fundraising exercises to support future growth initiatives.
Mr. Liaw Choon Wei, Managing Director of Saliran Group Berhad commented,
“We are grateful to our shareholders for their continued trust and support during this important chapter of our corporate journey. The strong mandate given today reflects confidence in our long-term strategy. With the completion of our IPO and listing in March 2025, and now the successful conclusion of our first AGM, we are more committed than ever to driving sustainable growth and value creation across our markets.”
The AGM also served as an opportunity for the Board and management to reaffirm their commitment to good governance, transparency, and responsible business practices.
The Company will continue to build upon its recent listing momentum by expanding its operational footprint, particularly in the Southeast Asian region, and enhancing its delivery and manufacturing capabilities under the THF co-owned brand.
Saliran was listed on the ACE Market of Bursa Malaysia Securities Berhad on 13 March 2025.
