These are the minutes of a board meeting for Koperasi Serbaguna Nut Berhad, a multipurpose cooperative society in Kuala Lumpur, Malaysia. The document records the proceedings of a meeting held on 19 September 2026, chaired by Mr. K. Vijayasuriar, with 15 board members present. The meeting covers several agenda items. The financial report for August 2026 is presented and approved, including…
These are the official minutes of a board meeting for Koperasi Serbaguna Nut Berhad, a multipurpose cooperative society based in Kuala Lumpur, Malaysia. The document is intended for internal governance and records the proceedings of the meeting held on 19 September 2026 at the society's conference room.
The meeting, chaired by Mr. K. Vijayasuriar, begins with the confirmation of previous minutes and the presentation of the financial report for August 2026. The treasurer presents the statement of accounts, which is approved. Discussions include fixed deposit rates in foreign banks, rental collections from properties at 14 Jalan Muara in Shah Alam and No.9 & 11 Langkawi Mall, and the sale of SDG shares at RM6.80 per unit with a proposal to buy more at RM6.30.
Membership matters are addressed next. Two new members are approved, five resignations are accepted with details of shares and subscriptions refunded, and refunds to nominees of three deceased members are noted. The board also handles a specific case regarding the distribution of dues for a deceased member with nominees in different locations.
Property-related agenda items cover title applications for units at Nilai Inland Port, Sri Idaman Condominium in Langkawi, and Kelana Mas in Langkawi. A profit-sharing payment of RM800 from Port Dickson is reported. For a hotel suite at Rainbow Paradise in Penang, the board decides to pay maintenance arrears and partner with Plush Services on a revenue-sharing formula.
A loan defaulter, Mr. Lee Seng Siong, is discussed. He is given until 1 October 2026 to settle arrears of RM1,200 plus a RM180 penalty, or his loan balance will be offset from his subscription account. Sub-committee reports cover a scholarship award of RM200, mandatory course attendance, and plans to send the cooperative's newsletter via WhatsApp using Heyzine software. An update on the amendment to the by-laws is provided, noting it is under regulatory consideration.