[YBS]: YBS INTERNATIONAL BERHAD

11-Dec-2012

EGM

03-Jan-2013 09:00

24-Dec-2012

9th Floor, Classic 1, Hotel Classic, 69 Jalan Ali, 84000 Muar, Johor Darul Takzim

I. PROPOSED ACQUISITION BY LNG RESOURCES BERHAD ("LNG") OF 4,933,420 ORDINARY SHARES OF RM1.00 EACH IN ORIENTAL FASTECH MANUFACTURING SDN BHD ("OFM") REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF OFM FOR A TOTAL PURCHASE CONSIDERATION OF RM32,000,000 TO BE SATISFIED BY A COMBINATION OF CASH AND ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN LNG ("LNG SHARE(S)"); II. PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF LNG FROM RM25,000,000 COMPRISING 250,000,000 LNG SHARES TO RM50,000,000 COMPRISING 500,000,000 LNG SHARES; AND III. PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF LNG
LNG-Notice EGM.pdf
LNG-Notice EGM.pdf

EXTRAORDINARY GENERAL MEETING DULY CONVENED AND HELD ON JANUARY 3, 2013

On behalf of the Board of Directors of LNG Resources Berhad (the “Company” or “LNG”), we are pleased to inform that at an Extraordinary General Meeting of the Company duly convened on January 3, 2013 following resolutions were decided by poll and the results are as follows:-

1. Proposed Acquisition by LNG of 4,933,420 Ordinary Shares of RM1.00 each in Oriental Fastech Manufacturing Sdn Bhd ("OFM") representing 100% of the issued and paid-up share capital of OFM for a total purchase consideration of RM32,000,000 to be satisfied by a combination of cash and issuance of new ordinary shares of RM0.10 each in LNG (“LNG Shares”).

Vote in Favour		Vote Against		Abstained	Result
No. of Shares	%	No. of Shares	%	No. of Shareholders
77,561,572	100	0	0	3	Carried

2.Proposed Increase in the authorised share capital of LNG from RM25,000,000 comprising 250,000,000 LNG Shares to RM50,000,000 comprising 500,000,000 LNG Shares.

Vote in Favour		Vote Against		Abstained	Result
No. of Shares	%	No. of Shares	%	No. of Shareholders
77,561,572	100	0	0	3	Carried

3.Proposed Amendment to the Memorandum of Association of LNG.

Vote in Favour		Vote Against		Abstained	Result
No. of Shares	%	No. of Shares	%	No. of Shareholders
77,561,572	100	0	0	3	Carried

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