United Sweethearts Garment Blog (One Usg) » AGM

MWE Holding Annual General Meeting 2017

Admin — Wed, 30 Aug 2017 06:51:05 +0000

Annual General Meeting of the MWE Holding had been conducted at No. 846, Jalan Besar, Sungai Bakap, 14200 Sungai Jawi, Pulau Pinang on 30 August, 2017 at 10.30am.

Amidst the uncertainty and challenging local and global economic environment, the Group continued to deliver commendable results for FY2017.

For the financial year under review, group’s revenue increased 7% from RM319.4 million to RM342.6 million, translating into an increase of RM23.2 million. The better results mainly derived from Textile Division.

The Group managed to turn around from the loss before tax of RM27.43 million for FY2016 to profit before tax of RM134.0 million for FY2017, owing to impairment write back for investment in associated as well as gain on disposal of US investment.

AGM FY17

Admin — Sat, 21 May 2016 00:48:15 +0000

First time in the record for the Annual General Meeting (AGM) to be held in Flamingo by the Beach Hotel, outside of United Sweethearts Garment’s premise on 21 and 22 May 2016.

The two days events are full of fun, joy, warm relationship and bonding closer fellowship among the family members and managers.

While managers are attending the AGM to review the past performance results, brain storming the future target and direction and its action plan for moving forward, the rest of the family members are enjoying the early sun rising, beach side walking or dumping in the swimming pool.

4 buses has been chartered for 126 pax from 40 manager’s family. The itinerary includes visit to Entopia Penang Butterfly Farm, 5D Interactive World, Amazing World Studios and Made in Penang Interactive Museum. Grand dinner was called at E&O Hotel and Starview Restaurant.

Many photos being taken to capture the best moment and sensation of the trip.

USG recognized that the family forms an important integral part of employee’s life and career. A happy and solid household has a strong impact on employee’s focus, performance and contribution.

The reaching out to the family members would improve the overall well-being and strengthen the organization-employee bonding.

The event is really marvelous and unforgettable, we are exciting to anticipate the next year event!

AGM 2011

Admin — Fri, 27 Jan 2012 03:52:13 +0000

Annual General Meeting is conducted on second working day after Chinese New Year holiday, which is on 27th January 2012. There are around 32 key staffs representing various departments from 3 locations (Sungai Bakap, Sungai Petani and Vietnam) participate in the meeting.

In AGM, performance of 2011 had been reviewed. Projection for 2012 and onwards also been discussed. USG had achieved its peak in year 2011 and will continue to aim for another peak.

Prospecting for years ahead …

AGM 2010

Admin — Tue, 08 Feb 2011 06:42:45 +0000

Annual General Meeting is conducted on 8th February 2011, first working day after Chinese New Year holiday. There are around 90 key staffs representing various department and location (USG Sungai Bakap, USG Sungai Petani and USV (Vietnam) participate in the meeting.

The main purpose of AGM is to review the performance of 2010 and projection for 2011 and onwards. Key activities and achievements such as USV ISO Certification and Lean NOS Line certification has been very much encouraging and stimulating the participants.

The AGM shown the highest and total transparency to USG’s key staffs with the aim to stimulate and bond the staff into highly accountable and integrity.

The meeting has scrutinized Key Performance Index (KPI) and analyzing the Strength Weaknesses Against Opportunity and Threats.

On the back of unified and bonded team coordination, USG shall continue to strive for improvement and aim for another peak ahead.