Overview
Goodland Group Limited held its Annual General Meeting (AGM) on 27 January 2026 at Seletar Country Club, Singapore. The meeting was attended by key members of the Board, including Executive Chairman Mr Tan Chee Beng, CEO Dr Tan Chee Tiong, and other directors, with a quorum present. The AGM covered both ordinary and special business, with all resolutions put to vote via poll and carried unanimously.
Key Points and Resolutions
1. Adoption of Financial Statements
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Directors’ Statement & Audited Financial Statements for FY ended 30 September 2025 were received and adopted.
Implication: This confirms the Company’s financial health and transparency for the fiscal year, which is fundamental for investor confidence.
2. Dividend Declaration
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Final tax-exempt (one-tier) dividend of 0.15 Singapore cent per ordinary share approved, payable on or about 12 March 2026.
Implication: This payout is a direct return to shareholders and could positively affect share price due to its attractiveness to income-focused investors.
3. Directors’ Fees
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Directors’ fees of S\$150,000 for the financial year ending 30 September 2026 approved.
Implication: Indicates the Company’s commitment to governance and compensation transparency.
4. Re-Election of Directors
5. Re-Appointment of Auditors
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Nexia Singapore PAC re-appointed as auditors. Directors authorized to fix their remuneration.
Implication: Maintains audit quality and consistency.
Special Business – Potentially Price Sensitive
6. Authority to Issue Shares
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Directors authorized to issue shares up to 50% of total issued shares (excluding treasury shares and subsidiary holdings), with a sub-limit of 20% for non-pro-rata issues.
Details:
- Authority covers rights, bonus, or other issues, and Instruments (e.g., options, warrants, convertibles).
- Effective until the next AGM or by law, whichever is earlier.
Implication: This mandate provides flexibility for capital raising, which could impact share dilution, future growth, and strategic partnerships. Investors should monitor potential share issuances, which can affect share price and valuation.
7. Renewal of Share Buy-Back Mandate
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Company can purchase up to 10% of its issued shares (excluding treasury shares) during the mandate period.
Maximum Price:
- Market Purchase: Up to 5% above average closing price over 5 Market Days.
- Off-Market Purchase: Up to 15% above average closing price over 5 Market Days.
Implication: Share buy-back mandates are typically viewed positively, as they can support share price, signal management confidence, and optimize capital allocation. Investors should watch for actual buy-back activity, which can directly impact share value.
Voting Results
- All resolutions were carried unanimously by poll with 100% of votes for, except the authority to issue shares (Resolution 8), which had a minor dissent (99.95% for).
- No other business was transacted.
Investor Takeaways
- Dividend Approval: Direct positive for shareholders, may attract new investors.
- Share Issue Mandate: Potential for future capital raising, dilution risk, and strategic growth.
- Share Buy-Back Mandate: Positive for share price stability and potential upside.
- Stable Board and Auditors: Continuity in governance and audit oversight.
Conclusion
The AGM confirmed a stable outlook for Goodland Group Limited, with key mandates for capital flexibility and shareholder rewards. Investors should monitor the implementation of the share issue and buy-back mandates, as these may affect share value in the coming year.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research and consult with professional advisors before making any investment decisions. The author and publisher accept no liability for any losses arising from reliance on this content.
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