F J Benjamin Holdings Ltd EGM: Shareholders Approve Adoption of New Constitution
F J Benjamin Holdings Ltd: Shareholders Unanimously Approve New Constitution at Extraordinary General Meeting
Key Points from the EGM
- Date & Time: 29 October 2025, 10:48 a.m.
- Venue: Suntec Singapore Convention & Exhibition Centre
- Key Attendees:
- Mr Eli Manasseh (Nash) Benjamin – Executive Chairman
- Mr Douglas Jackie Benjamin – Executive Director and Group CEO
- Mr Yee Kee Shian, Leon – Independent Director
- Ms Teoh Beng Khim – Independent Director
- Ms Wendy Isabel Wong Pei Fern – Group CFO and Company Secretary
- Sponsor: ZICO Capital Pte. Ltd., External Auditors: Ernst & Young LLP
- Main Business: Adoption of a new constitution for F J Benjamin Holdings Ltd.
Details of the Special Resolution
The Extraordinary General Meeting (EGM) was convened primarily to seek shareholder approval for the adoption of a new constitution (the “New Constitution”) for the Company, replacing the existing constitution in its entirety.
The New Constitution incorporates amendments to align with changes in the Companies Act 1967 of Singapore as per the 2014, 2017, and 2023 Amendment Acts. It also updates provisions to ensure compliance with the prevailing Catalist Rules of the Singapore Exchange (SGX).
The proposed changes are significant from a corporate governance perspective, ensuring that the Company remains compliant with current legislative and regulatory requirements. This may offer investors greater assurance regarding the Company’s governance framework.
Shareholder Voting Results
| Votes For |
Votes Against |
Total Votes Cast |
| 659,267,240 (99.9097%) |
596,000 (0.0903%) |
659,863,240 (100.00%) |
The resolution was overwhelmingly approved by shareholders, indicating broad support for the Company’s efforts to modernise its governance structure.
Implications for Shareholders
- Potential Price Sensitivity: The adoption of a new constitution that reflects the latest regulatory and legislative changes may be viewed positively by the market, as it demonstrates the Company’s commitment to strong governance and regulatory compliance. This could enhance investor confidence.
- Operational Impact: With updated provisions, the Company is better positioned to respond to changes in the operating environment and regulatory landscape, potentially improving its long-term resilience and strategic flexibility.
- Transparency: The Company has committed to publishing the minutes of the meeting on SGXNet and its website, underscoring its commitment to transparency and communication with investors.
- No Questions Raised: Notably, there were no questions from shareholders regarding the special resolution, suggesting a strong consensus or satisfaction with the proposed changes.
Meeting Conclusion
The EGM concluded at 10:54 a.m. with the formal adoption of the new constitution. The board expressed its appreciation to shareholders for their continued support.
Disclaimer
This article is prepared for informational purposes only and should not be construed as financial advice or a recommendation to buy or sell shares of F J Benjamin Holdings Ltd. Investors are advised to conduct their own research or consult a professional advisor before making investment decisions. The Singapore Exchange Securities Trading Limited (SGX-ST) assumes no responsibility for the content herein.
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