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An update from Hafary Holdings Limited ( (SG:5VS) ) is now available.
Hafary Holdings Limited held its annual general meeting in Singapore on 24 April 2026, with a quorum of shareholders and its full board, senior management, auditors, and corporate service providers in attendance. The meeting proceeded by poll voting in line with SGX listing requirements, and no shareholder questions were submitted in advance.
Shareholders adopted the company’s audited financial statements for the year ended 31 December 2025 and approved directors’ fees of S$195,000 for the period. They also re-elected Chief Executive Officer Low Kok Ann, Non-Independent Non-Executive Director Datuk Edward Lee Ming Foo, and Independent Non-Executive Chairman Foo Yong How, thereby ensuring continuity in both executive leadership and board oversight.
The AGM further approved the re-appointment of RSM SG Assurance LLP as independent auditor and authorised the directors to fix the auditor’s remuneration. Shareholders renewed the board’s general mandate to issue new shares and approved the renewal of the general mandate for interested person transactions, with the controlling shareholder abstaining from voting to comply with governance rules.
These approvals collectively maintain Hafary’s existing governance structure, secure ongoing audit arrangements, and preserve financial and capital-raising flexibility for the board. The renewed interested person transaction mandate also provides a framework for related-party dealings, which is important for regulatory compliance and for safeguarding minority shareholder interests.
More about Hafary Holdings Limited
Hafary Holdings Limited is a Singapore-incorporated company listed on SGX, operating in the building materials sector. The group is primarily involved in the supply and distribution of tiles and surfacing materials for residential, commercial, and institutional projects, serving developers, contractors, and retail customers in its home market and the broader region.
Average Trading Volume: 23,729
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$211M
For an in-depth examination of 5VS stock, go to TipRanks’ Overview page.