The Board of Directors of MSCM Holdings Berhad ("MSCM")wishes to announce that the shareholders of MSCMhave at the ExtraordinaryGeneral Meeting("EGM")held this morning, approved all the resolutions as set out in the notice of EGM dated 24 June 2020("Resolutions").
The voting in respect of theResolutions was carried out by way of a poll, results of which were validated by Coopers Professional Scrutineers Sdn. Bhd.,an independent scrutineer appointed by MSCM. The voting results are shown in the table.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
Proposed Diversification of the Existing Business of the Company and Its Subsidiaries to Include Moneylending Business |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 8 | 0 |
No. of Shares | 172,111,102 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
Proposed Variation to the Utilisation of Proceeds Raised from the Rights Issue of Shares with Warrants and the Rights Issue of Irredeemable Convertible Preference Shares Undertaken by the Company |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 8 | 0 |
No. of Shares | 172,111,102 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |