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	<title>United Sweethearts Garment Blog (One Usg) &#187; MWE Holding Berhad AGM</title>
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		<title>MWE Holding Annual General Meeting 2016</title>
		<link>http://www.mweusg.com/blog/?p=10416</link>
		<comments>http://www.mweusg.com/blog/?p=10416#comments</comments>
		<pubDate>Fri, 26 Aug 2016 08:15:42 +0000</pubDate>
		<dc:creator><![CDATA[Admin]]></dc:creator>
				<category><![CDATA[MWE Holding Berhad AGM]]></category>
		<category><![CDATA[Annual General Meeting]]></category>
		<category><![CDATA[Krian Upatkoon]]></category>
		<category><![CDATA[MWE Holdings Berhad]]></category>
		<category><![CDATA[mweusg]]></category>
		<category><![CDATA[Tan Sri Dato' Surin Upatkoon]]></category>
		<category><![CDATA[Tang King Hua]]></category>
		<category><![CDATA[United Sweethearts Garment Sdn Bhd]]></category>
		<category><![CDATA[usg]]></category>

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		<description><![CDATA[ANNUAL GENERAL MEETING of the MWE Holding is held at the Company&#8217;s Registered Office at No.846, Jalan Besar, Sungai Bakap, 14200 Sungai Jawi, Pulau Pinang on Friday, 26 August 2016 at 10.30am. This year is the first year that all the resolutions tabled at the meeting are resolved by way of POLLING. Since July 2016 [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><a href="http://www.mweusg.com/blog/wp-content/uploads/2016/08/DSC_5745.jpg"><img src="http://www.mweusg.com/blog/wp-content/uploads/2016/08/DSC_5745-300x198.jpg" alt="DSC_5745" width="300" height="198" class="alignright size-medium wp-image-10417" /></a>ANNUAL GENERAL MEETING of the MWE Holding is held at the Company&#8217;s Registered Office at No.846, Jalan Besar, Sungai Bakap, 14200 Sungai Jawi, Pulau Pinang on Friday, 26 August 2016 at 10.30am.</p>
<p><a href="http://www.mweusg.com/blog/wp-content/uploads/2016/08/DSC_5779.jpg"><img src="http://www.mweusg.com/blog/wp-content/uploads/2016/08/DSC_5779-300x198.jpg" alt="DSC_5779" width="300" height="198" class="alignright size-medium wp-image-10420" /></a>This year is the first year that all the resolutions tabled at the meeting are resolved by way of POLLING.  Since July 2016 onwards, all listed companies are now require to resolve all resolutions tabled at general meetings by way of POLLING, no longer by way of show of hands. </p>
<p>Some highlights for the Financial Performances:<br />
The Group recorded revenue of RM313.2 million for the financial year ended 31 March 2016 against RM370.3 million achieved in the previous 15-month period ended 31 March 2015.</p>
<p>However, a loss before tax of RM27.3 million was registered for the financial year ended 31 March 2016 as compared to profit before tax of RM31.0 million recorded in the previous 15-month reporting period.  This was primarily due to impairment losses amounting to RM59.4 million on investment in associated company and unquoted investment.</p>
<p>At the Company level, loss before tax was RM26.3 million as compared to profit before tax of RM132.9 million posted in the previous 15-month period ended 31 March 2015.  The loss was mainly due to lower dividend income received from subsidiaries coupled with impairment losses.</p>
<p>Overview Performance by Operation are:</p>
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<td width="17" height="17"><strong>Division</strong></td>
<td width="269"><strong>Profit Before Tax</strong></td>
<td width="181"><strong>Revenue</strong></td>
</tr>
<tr height="17">
<td height="17">Textile Division</td>
<td>RM27.0 Million</td>
<td>RM218.3 Million</td>
</tr>
<tr height="17">
<td height="17">Telecommunications Division</td>
<td>RM2.5 Million</td>
<td>RM55.4 Million</td>
</tr>
<tr height="17">
<td height="17">Plantation Division</td>
<td>RM2.0 Million (loss)</td>
<td>RM3.3 Million</td>
</tr>
<tr height="17">
<td height="17">Industrial Division</td>
<td>RM4.4 Million (loss)</td>
<td>RM19.2 Million</td>
</tr>
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<p></p>
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		<item>
		<title>MWE Holdings Berhad Annual General Meeting</title>
		<link>http://www.mweusg.com/blog/?p=1603</link>
		<comments>http://www.mweusg.com/blog/?p=1603#comments</comments>
		<pubDate>Mon, 04 Jun 2012 09:57:26 +0000</pubDate>
		<dc:creator><![CDATA[Admin]]></dc:creator>
				<category><![CDATA[MWE Holding Berhad AGM]]></category>
		<category><![CDATA[2012]]></category>
		<category><![CDATA[AGM 2012]]></category>
		<category><![CDATA[Annual General Meeting]]></category>
		<category><![CDATA[MWE Holdings Berhad]]></category>
		<category><![CDATA[United Sweethearts Garment Sdn Bhd]]></category>

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		<description><![CDATA[The MWE Holdings Berhad Annual General Meeting was held at 846, Jalan Raya, 14209 Sungai Bakap, Seberang Perai Selatan, Pulau Pinang on Monday 4 June 2012 at 10.30am. the company was pleased to inform that the group&#8217;s overall performance of year 2011 was satisfactory during the year amidst global uncertainties. The group recorded revenue of [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><img src="http://www.mweusg.com/blog/wp-content/uploads/2012/06/IMG_4721-300x225.jpg" alt="IMG_4721" title="IMG_4721" width="300" height="225" class="alignleft size-medium wp-image-1605" />The MWE Holdings Berhad Annual General Meeting was held at 846, Jalan Raya, 14209 Sungai Bakap, Seberang Perai Selatan, Pulau Pinang on Monday 4 June 2012 at 10.30am.</p>
<p>the company was pleased to inform that the group&#8217;s overall performance of year 2011 was satisfactory during the year amidst global uncertainties.  The group recorded revenue of RM501.3 million, up marginally against RM490.0 million in the previous year.  However, profit before tax was 20% higher than year 2010, at RM60.7 million against RM50.4 million.  </p>
<p></p>
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