KLCCP and KLCC REIT Held AGMs in Virtual Mode

KLCC Property Holdings Berhad (KLCCP) and KLCC REIT conducted its 18th and 8th Annual General Meetings (AGMs) respectively on 22 April 2021 at the Mandarin Oriental, Kuala Lumpur.  This was the second time the AGMs were conducted in a fully virtual mode to ensure the health and safety of everyone concerned in the context of the COVID-19 pandemic.  Five members of the Boards were present at the broadcast venue, while others participated virtually.

At the AGMs, Datuk Hashim Wahir, Chief Executive Officer of KLCCP presented the Group’s financial performance for the year ending 31 December 2020.  Datuk Hashim also spoke about future opportunities in responding to the impact of COVID-19.  Datuk Hashim emphasised on the challenges ahead for the hotel and retail segments while the office segment is expected to remain stable. 

Datuk Hashim also highlighted that the transformation of KLCC as a destination brand will build a strong destination identity whilst transforming KLCC into a vibrant venue, providing lifestyle experiences, converging cultural diversity and commercial vibrancy.   Datuk Hashim stressed on the four pivotal areas in creating KLCC as The Place which include streamlining the operations whilst embracing digitalisation through the KLCC 4-Year Digital Roadmap, innovating offerings and solutions to cater to the changing lifestyle, embedding pillars of experiences as value propositions and capitalising on KLCC - Malaysia’s Iconic Experience and KLCC Place brand, continuously contributing to the industry and the nation’s growth. 

Datuk Hashim was also hopeful that Year 2021 will be a better year and that the vaccine roll-out will offer great hope to turn the tide of the pandemic and get everyone back to some level of normalcy in their daily lives.

Over 900 shareholders attended the AGMs via remote participation and actively participated in the Question and Answer session.  The AGMs were adjourned at 12.55 p.m., with all resolutions carried.