[HONGSENG] Extraordinary on 15-Dec-2020

Stock
[HONGSENG]: HONG SENG CONSOLIDATED BERHAD
Announcement Date
26-Nov-2020
Type
Extraordinary
Date & Time
15-Dec-2020 10:30
Depositor Date
08-Dec-2020
Venue
Gate C, 2nd Floor No. 3, Jalan TP 2, Taman Perindustrian UEP 47600, Subang Jaya Selangor Darul Ehsan
Description
The Extraordinary General Meeting of Hong Seng Consolidated Berhad will be conducted fully virtual through live streaming via a remote participation and voting facilities at the Broadcast Venue
Hong Seng-Notice of EGM-final.pdf
Outcome

The Board of Directors of Hong Seng Consolidated Berhad (formerly known as MSCM Holdings Berhad) ("Hong Seng") wishes to announce that the shareholders of Hong Senghave at the Extraordinary General Meeting ("EGM") held this morning, approved all the resolutions as set out in the notice of EGM dated 27 November 2020("Resolutions").

The voting in respect of the Resolutions was carried out by way of a poll, results of which were validated by Aegis Communication Sdn. Bhd.,an independent scrutineer appointed by Hong Seng. Details of the results of the polling in respect of the Resolutions at the EGM are shown in the table.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the Turnkey Agreement
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 0
No. of Shares 359,348,735 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the Proposed Diversification into Manufacturing and Trading of Gloves and Other Personal Protective Equipment Products
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 0
No. of Shares 359,348,735 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the Proposed Diversification into Healthcare Related Business
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 0
No. of Shares 359,348,735 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the Proposed Diversification into Hire Purchase Business
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 0
No. of Shares 359,346,735 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the 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
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 0
No. of Shares 359,348,735 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the Proposed Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature with HS Vision One Sdn Bhd
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 222,840,535 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the Proposed Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature with MMAG Holdings Berhad and its Subsidiaries
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 222,840,535 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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