Ranhill gets good response to first virtual AGM


  • Corporate News
  • Wednesday, 22 Apr 2020

Group president and chief executive Tan Sri Hamdan Mohamad said the virtual meeting attracted more shareholders this year than it had done in the past two years.

PETALING JAYA: Ranhill Holdings Bhd recently held the first virtual AGM in the country, garnering good response.

In a statement, group president and chief executive Tan Sri Hamdan Mohamad said the virtual meeting attracted more shareholders this year than it had done in the past two years.

“A chatbox was provided with the video link for shareholders to ask questions during the AGM. Help lines were also available for shareholders in case of any glitches, ” he said.

Separately, Hamdan said Ranhill would focus on secular economy model, adding that the company expected to return to normalcy in the second half of the year as it dealt with the unparalleled challenges posed by the global Covid-19 crisis.

He said it was vital for the group to take stock and adopt strategies that would enable the company to continue being resilient.

“Ensuring uninterrupted water supply as well as wastewater and power operations remain our priority locally and in our overseas markets and a strong balance sheet, coupled with innovation and technology, will enable us to find solutions that not only focus on improving cost efficiencies but on supporting the needs of communities.”

Hamdan noted that Ranhill’s core businesses are in sectors that are relatively resilient in nature, which played a pivotal role in how the company would move forward in the months to come.

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