sakae holdings ltd (SAKAE) Snapshot

Sakae Holdings Ltd. announced that the directors recommended a final tax exempt (1-tier) dividend of 1 cent per ordinary share for the financial year ended December 31, 2012 in the annual general meeting to be held on April 19, 2013, if approved will be made on June 21, 2013. Register of members of the company shall be closed on June 11, 2013.

Sakae Holdings Ltd., Annual General Meeting, Apr 19, 2013., at 14:00 Singapore Standard Time. Location: 28 TAI SENG STREET. Agenda: To receive and adopt the directors' report and audited financial statements of the company for the financial year ended 31 December 2012 together with the auditors' report thereon; to declare a final tax exempt (1-tier) dividend of 1 cent per ordinary share for the financial year ended 31 December 2012; to re-elect the following Directors retiring by rotation; to approve the payment of Directors' fees of SGD 170,000 for the financial year ended 31 December 2012; to re-appoint Messrs Deloitte & Touche LLP as the company's auditors and to authorize the Directors to fix their remuneration; and to transact any other ordinary business which may properly be transacted at an annual general meeting.

Sakae Holdings Ltd. announced at its EGM held on February 22, 2013, has approved the removal of Andy Ong Siew Kwee as Non executive and Non-Independent Director of the company.