KUALA LUMPUR: SumiSaujana Group Bhd remains cautiously optimistic on the outlook for the oil and gas (O&G) sector, supported by stable upstream activity in key Asian markets and continued demand for specialty chemical solutions.
While global macroeconomic uncertainties and cost pressures remain key considerations, SumiSaujana will continue to exercise disciplined cost management, prudent capital allocation and proactive market engagement to support sustainable growth.
At its second annual general meeting (AGM), shareholders approved all resolutions tabled.
Shareholders received the audited financial statements for the financial year ended Dec 31, 2025 (FY25), together 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 next AGM of the group.
The meeting also saw the re-election of Liang Kok Siang and Toh Chee Seng as directors in accordance with the group’s constitution.
In addition, Crowe Malaysia PLT was re-appointed as Auditors for the financial year 2026, with shareholders authorising the directors to fix their remuneration.
Shareholders also approved the general mandate pursuant to Sections 75 and 76 of the Companies Act 2016, authorising the directors to issue and allot up to 10% of the total number of issued shares, subject to the relevant regulatory requirements.
The mandate provides SumiSaujana with strategic flexibility to support future funding requirements, working capital needs, potential investments, acquisitions and other corporate purposes where appropriate.
Executive director and CEO Norazlam Norbi said SumiSaujana is grateful for the continued trust and support from its shareholders as the group enters its next phase of growth as a listed company.
“The approval of all resolutions reflects shareholders’ confidence in our governance framework, business direction and long-term strategy.
“As we move forward, our focus remains on strengthening operational efficiency, expanding our market presence and building a more resilient specialty chemicals platform across key regional and international markets,” he said.
The successful conclusion of the AGM comes as SumiSaujana continues to pursue its strategic priorities, including strengthening its core O&G specialty chemicals business, expanding its product capabilities and enhancing its operational base through ongoing investments in facilities, research and development, and sustainability-related initiatives.
With shareholder backing secured at the AGM, SumiSaujana remains committed to delivering long-term value to stakeholders by strengthening its competitive position, expanding its customer base and pursuing growth opportunities aligned with its technical expertise and regional expansion strategy.
