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1 PRIVATE & CONFIDENTIAL KOPERASI SERBAGUNA NUT BERHAD (NUT MULTIPURPOSE COOPERATIVE SOCIETY LIMITED) 25A Tingkat Satu, Bangunan Tong Nam, Jalan Rakyat (Jalan Travers), 50470 Kuala Lumpur. Tel: 03-22765521 / H/P 011-37059856 / 011-70179856 email: koperasinut@yahoo.com NUT/MPCS/01/01/001(A)/(8-2026) 23 September 2026 Minutes of the Board Meeting held on 19 September 2026 at the Society’s Conference Room, No.25A, Tingkat Satu, Bangunan Tong Nam, Jalan Travers, 50470 Kuala Lumpur. The meeting commenced at 10.10 a.m. with Mr. K. Vijayasuriar in the Chair. Present 1. Mr. K. Vijayasuriar - Chairman 2. Dato Loh Kim Heong - Deputy Chairman 3. Mr. A. Paul Raj - Vice Chairman 4. Mr. S. Ramesh - Secretary 5. Mr. Lim Kim Leng - Asst.Secretary 6 Mr. Wong Foo Kheong - Treasurer 7. Mr. Stanley Arumugam - Asst.Treasurer 8. Mr. K. Nadarajah - Board Member 9. Mr. Santokh Singh - Board Member 10. Mr. Cheah Chooi Aik - Board Member 11. Mr. See Kaw Him - Board Member 12. Mdm P. Yasogee - Board Member 13. Mr. C. N. N. Sivaraman - Board Member 14. Mr. Chang Kong Sang - Board Member 15. Mr. V. Sangga Ratnam - Board Member ITEM 1(A) OF THE AGENDA: TO CONFIRM THE MINUTES OF THE BOARD MEETING HELD ON 19 SEPTEMBER 2026 1.1 The minutes were confirmed. Proposer: Mr. Stanley Arumugam Seconder: Mdm P. Yasogee
2 ITEM 1(B) OF THE AGENDA: MATTERS ARISING Nil ITEM 2 OF THE AGENDA: FINANCIAL REPORT 2(a) Statement of Accounts for August 2026 2.1 The Treasurer presented the Statement of accounts for the month of August 2026. 2.2 The Statement of Accounts for August 2026 was unanimously approved. Proposer: Mr. K. Nadarajah Seconder: Mr. See Kaw Him 2.3 Fixed Deposit Dato Loh Kim Heong asked the officials to explore the FD rates in the foreign banks. He said that in Singapore his son had informed him that within 1 year he can get 31% interest for an amount of RM200,000 placed in FD. The Chairman said that the Singapore monetary policy is different. However, he said that he will check with the banks. 2(b) Rentals 2.4 14 Jalan Muara, Shah Alam The Chairman informed that the tenant had paid 2 months rental for April and May 2026 totalling RM5,000 on 7.9.2026. He owed rental from June to September 2026 totalling RM10,000. 2.5 No.9 & 11, Langkawi Mall The Chairman reported that the tenant paid RM6,200 on 9.9.2026 for the months of April and May 2026. He is in arrears of rental for the months of June to August 2026 totalling RM9,300. W.e.f. 1.9.2026 the rental is RM1,000 per unit per month. 2(c) Approval/ratification of payment of bills Nil 2(d) Shares Portfolio 2.6 The shares portfolio was noted. 2.7 SDG Shares The Treasurer informed that 1 lot of SDG shares was sold at RM6.80 per unit. He said that the price had dropped and suggested that we buy 2 lots of SDG shares at RM6.30 per unit. The Board unanimously approved the above suggestion.
3 ITEM 3 OF THE AGENDA: APPROVAL OF LOANS 3(a) Emergency Loan Nil 3(b) Personal Loan Nil ITEM 4 OF THE AGENDA: MEMBERSHIP 4(a) Approval of Membership 4.1 The following membership applications were unanimously approved: No. Name M’ship DOB Ent.fee Shares 1. S. Kartik(PK) 9081 16/4/94 10 100 2. R. Kalaiarasi(PK) 9082 8/7/94 10 100 Proposer: Mr. Lim Kim Leng Seconder: Mr. Cheah Chooi Aik 4(b) Normal Resignations 4.2 The following resignation were unanimously approved: No. Name M/s Shares Subs. Bonus 1. Kyrunnissa Nuruddin(PG) 2380 100 2,644.96 - 2. Chew Ah Yang(J) 3960 100 5,791.19 - 3. Lim Siu Hong(J) 3964 100 5,789.68 - 4. Wong Choy Sim(WP) 6253 100 1,630.86 - 5. Wong Choo Chui(NS) 8087 100 1,627.36 - ------ -------------- 500 17,484.05 ------ -------------- Proposer: Mr. See Kaw Him Seconder: Mdm P. Yasogee 4(c) Notice of Deceased Members 4.3 The Board noted the refund of dues to the nominee(s) of the following deceased members: No. Name M/s Date Dec Shares Subs. Bonus DBP DBF 1. Tan Suan Lean(PK 884 2.12.25 100 2,514.74 100 200 - 2. Choi Yeat How(NS) 2971 15.8.26 100 2,368.14 - 200 - 3. Beatrice Pakiam(PG) 7082 26.3.26 100 10,459.13 - 200 - ----- -------------- ----- ------ 300 15,342.01 100 600 ----- -------------- ------ ------
4 4.4 Mr. Santokh Singh said that Mdm Beatrice Pakiam’s nominees are her father and 2 sisters. The father had passed away and one of the sister’s who is in Melbourne, Australia does not want her share of the dues. The other sister who is in Penang requested that this amount be refunded to her. The Chairman said that she has to submit the late father’s death certificate and a letter from her sister in Melbourne renouncing her share of the dues duly attested by a Commissioner of Oaths. ITEM 5 OF THE AGENDA: PROPERTIES 5.1 Titles for the following properties a. Nilai Inland Port – 2 units M/s L. Y. Oon & Associates is in the process of submitting the relevant documents as per the liquidator’s request for issuance of the titles at Nilai Inland Port. b. Sri Idaman Condominium, Langkawi The JMB has appointed an insolvency company to pursue for the application of the titles. c. Kelana Mas, Langkawi The property is under receivership and the documents have been given to M/s L. Y. Oon & Associates to pursue the matter. 5.2 Port Dickson JL4-5 The Chairman informed that based on the Profit sharing agreement the Koperasi received RM800 for the month of September on 31/8/2026. 5.3 Hotel Suite at Rainbow Paradise, Penang The Treasurer reported that he had spoken to Mr. Hong who is in the committee of Champsurf and it would be advisable for the Koperasi to pay the arrears of the maintenance fees and partner with Plush Services on revenue sharing formula. Mr. Santokh Singh said that many of the unit owners have signed up with Plush and he felt that the Koperasi should get a long term tenant. The Board decided to partner with Plush Services on the revenue sharing formula. It was also decided to pay the maintenance fees from April 2026.e Mr. Santokh Singh said that land where the hotel is situated is valuable. The unit owners have a share in the land. He said that was an offer to buy the entire hotel units at RM200 million but the deal fell through. 5.4 Property at Saujana Rawang Mr. Lim Kim Leng said that the person who is supposed to brief the Board on this project was not well and will not attend today’s meeting.
5 It was decided to request him to brief the Board at the next Meeting. 5.5 List of properties The Board noted the list of properties and the dates of expiry of tenancy. ITEM 6 OF THE AGENDA: LOAN DEFAULTERS 6.1 The Board noted that Mr. Lee Seng Siong was defaulting in his Emergency Loan repayment for the months of April to September 2026. Mr. Lee Seng Siong had requested until end of September 2026 to settle his dues. It was decided that if Mr. Lee Seng Siong does not settle his arrears of loan totalling RM1,200 for the months of April to September and penalty of RM180 by 1.10.2026, his entire loan balance will be offset from his subscription account of RM6,212.10. ITEM 7 OF THE AGENDA: SUB-COMMITTEES 7.1 NUT Scholarship Award The Chairman informed that a sum of RM200 was paid to the member, Mr. Santhaana Kumar who had applied for NUT Education scholarship for his daughter. 7.2 Kursus Wajib The Chairman reported that Mr. V. Sangga Ratnam will be attending the Kursus Wajib 1 in Amverton Hotel, Melaka on 22 and 23 September 2026. 7.3 To send Annual Report by WhatsApp or Email The Secretary reported that the Editorial/Digital sub-committee had its first meeting on 12/9/2026. The Secretary presented the minutes of the meeting and briefed the Board on the decision of the committee to send the first issue of the newsletter for 2026 via WhatsApp. The members of the editorial committee have been assigned to prepare the articles for the newsletter. He said that Mr. See Kaw Him is helping with the Flipbook mode of sending the newsletter. Mr. See said that, after receiving the flipbook version of the meeting documents, he researched online and requested an AI-generated comparison of flipbook software and Heyzine. Mr. See Kaw Him briefed the Board on the comparison between the FlippingBook and the Heyzine mode of sending the newsletter. After further discussion the Board unanimously approved to send the first issue of the newsletter via WhatsApp using the Heyzine software for free.
6 7.4 Amendment to the By-Laws The Chairman reported that the SKM officer said that the amendment to the By-Laws is under HQ's consideration. The application was submitted in July. If there are any queries he will update us. Mr. K. Nadarajah suggested that the Chairman go personally to SKM to check on this matter. ITEM 8 OF THE AGENDA: CORRESPONDENCE Nil ITEM 9 OF THE AGENDA: STAFF MATTERS Nil ITEM 10 OF THE AGENDA: TO CONSIDER ANY OTHER MATTER OF WHICH AT LEAST SEVEN DAYS NOTICE SHALL HAVE BEEN GIVEN IN WRITING Nil The meeting ended at 11.45 a.m. with a vote of thanks to the chair. (S. RAMESH) SECRETARY Minutes of Meeting passed at the Board Meeting held on ……………………………at ………….………. (K. VIJAYASURIAR KMN, PPT) CHAIRMAN /stm