KHEESAN and REACH to have general meetings in early morning hours and late afternoon hours

Headquartered at Seri Kembangan, Kheesan had been conducting its AGMs in Klang Valley. 

FY	Venue	Time
2000	Bukit Jalil Gold & Country Resort	1500
2001	Bukit Jalil Gold & Country Resort	1500
2002	Bukit Jalil Gold & Country Resort	1500
2003	Bukit Jalil Gold & Country Resort	1500
2004	Bukit Jalil Gold & Country Resort	1500
2005	Mines Resort City, Seri Kembangan	1500
2006	Mines Resort City, Seri Kembangan	1500
2007	Mines Resort City, Seri Kembangan	1500
2008	Mines Resort City, Seri Kembangan	1500
2009	Mines Resort City, Seri Kembangan	1100
2010	Mines Resort City, Seri Kembangan	1111
2011	Mines Resort City, Seri Kembangan	1111
2012	Mines Resort City, Seri Kembangan	1111
2013	Mines Resort City, Seri Kembangan	1111
2014	Mines Resort City, Seri Kembangan	1111
2015	Mines Resort City, Seri Kembangan	1111
2016	Taman Perindustrian Desa Cemerlang, Ulu Tiram, Johor	0800

However, for FY16, the group will convene its 22nd AGM at Ulu Tiram, Johor. Looking at the list of properties of the group shown in FY15 annual report, it did not show Kheesan owning any property in Ulu Tiram. The AGM will be held at London Biscuit's office in Ulu Tiram. London Biscuit is the largest shareholder of Kheesan.

Besides the unexpected change in meeting venue, the meeting is scheduled to start at 8a.m..

What could be the real reason of having the AGM so far away from its business address, and at such early hour if it is not trying to discourage minority shareholders from attending the AGM? Shareholders should seek clarifications from the management.

Separately, Reach Energy will be having its EGM on 4 Nov 2016 at 3.30pm. I think the reason of having the general meeting in late afternoon hours is to provide fair trading of its shares as the asset acquisition voting results are material to the movement of the share price, its warrants price in particular. It may take 1 to 2 hours for presentation on the proposed acquisition and Q&A session before the voting starts. By the time the results are released, stock market would probably have closed for the day. This prevents potential unfair advantage to those who know the results before announcement by the Chairman in the EGM or to those members attending the meeting versus those shareholders who do not.