In brief:
- Seacare Co-operative Ltd held its first virtual 26th Annual General Meeting (AGM) on 30 November 2020.
- The motion on awarding Seacare Gift Vouchers (COVID-19) to provide some form of relief to Seacare Co-op Ordinary Members received full support.
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At the Seacare Co-operative Ltd first virtual 26th Annual General Meeting (AGM) on 30 November 2020, the motion on awarding Seacare Gift Vouchers (COVID-19) to provide some form of relief to Seacare Co-op Ordinary Members during this challenging year received full support.
Following the AGM, ordinary members received NTUC gift vouchers according to the amount of share they hold in the co-operative.
“As an organization with the purpose of making a difference, we will be none the better if we do not show care and compassion,” said Mr Leow Ching Chuan, Chairman, Seacare Co-operative.
In his report, Mr Leow pointed out for the financial year ended 31 March 2020, the Group’s financial performance was satisfactory with a 2.3% increase in revenue.
“We are able to stand firm because of our commitment to build resilience,” he shared. “We made corporate decisions to ensure the right resource allocation and maximise the growth opportunities in every cluster of our business.”
It is in crisis that reveals the mettle of Seacare and how we operate in a very long-term business strategy; navigating an ever-changing environment—showcasing agility and adaptability. To be resilient, Seacare will need to build on these characteristics into our core operations and strategies.
– Mr Leow Ching Chuan, Chairman, Seacare Co-operative
