[NCT] Extraordinary on 20-Oct-2020

Stock
[NCT]: NCT ALLIANCE BERHAD
Announcement Date
14-Oct-2020
Type
Extraordinary
Date & Time
20-Oct-2020 13:30
Depositor Date
13-Oct-2020
Venue
Conference Room of Grand-Flo Menara NCT, No. 2, Jalan BP 4/9 Bandar Bukit Puchong, 47100 Puchong Selangor Darul Ehsan
Description
Grand-Flo Berhad - Notification to Shareholders of a fully virtual Extraordinary General Meeting ("EGM") due to Conditional Movement Control Order effective from 14 October 2020 to 27 October 2020. The date and time of the EGM remain unchanged.
Notification to Shareholders for fully virtual EGM and Administrative Notes.pdf
Outcome

The Board of Directors of Grand-Flo Berhad (“the Company”) is pleased to announce that all the resolutions as prescribed in the Notice of Extraordinary General Meeting ("EGM")of the Company dated 5October 2020 were duly passed by the shareholders of the Company by way of poll via remote participation and voting facilities at the EGM of the Company.

The result of the poll was validated by Asia Securities Sdn. Berhad, the independent scrutineer appointed by the Company.

Please refer to the attachment for the details of the outcome.

This announcement is dated 20 October 2020.

Voting Results

1. Ordinary Resolution 1

Description 
Proposed Disposal by Grand-Flo of 800,000 ordinary shares in Grand-Flo Spritvest Sdn. Bhd. ("GFS") ("GFS Shares"), representing 80% equity interest in GFS, to Radiant Globaltech Bhd ("RGB"), for a total cash consideration of RM11,600,000 ("Proposed Disposal 1")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 359,892,598 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed Disposal by Grand-Flo of 200,000 GFS Shares, representing 20% equity interest in GFS, to Jejaka 7 Capital Sdn. Bhd. ("Jejaka"), for a total cash consideration of RM2,900,000 ("Proposed Disposal 2")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 359,892,598 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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