[KANGER] Extraordinary on 27-Jul-2021

Stock
[KANGER]: KANGER INTERNATIONAL BERHAD
Announcement Date
09-Jul-2021
Type
Extraordinary
Date & Time
27-Jul-2021 09:00
Depositor Date
19-Jul-2021
Venue
Main Venue at Board Room of K-3-12 & K-3-13, Solaris Mont Kiara No. 2, Jalan Solaris, Mont Kiara 50480 Kuala Lumpur Wilayah Persekutuan
Description
Extraordinary General Meeting
Kanger - Notice and Administrative Guide of EGM.pdf
Outcome

Kanger International Berhad("Kanger" or the "Company") wishes to announce that at the Extraordinary GeneralMeeting ("EGM") of Kanger that hosted virtually at https://rebrand.ly/KangerEGMheld today, all the Ordinary Resolutions as set out in the Notice of EGM dated 12July2021, was duly passed by the shareholders of Kanger.

The voting in respect of the resolutions was carried out by way of a poll and the results werevalidated by SharePollsSdn. Bhd., the Independent Scrutineer appointed for the purpose.

The details of the said results areset out below.

This announcement is dated 27 July2021.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ACQUISITION BY KANGER OF 1,020,000 ORDINARY SHARES OF SUNG MASTER HOLDINGS SDN. BHD. ("SUNG MASTER"), REPRESENTING 51.0% EQUITY INTEREST IN SUNG MASTER, FOR A PURCHASE CONSIDERATION OF RM94,789,436 TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT OF RM51,999,999.62 AND THE REMAINING PURCHASE CONSIDERATION OF RM42,789,436.38 TO BE SATISFIED VIA AN ISSUANCE AND ALLOTMENT OF 713,157,273 NEW ORDINARY SHARES OF KANGER ("KANGER SHARE(S)") AT THE ISSUE PRICE OF RM0.06 PER KANGER SHARE
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 5
No. of Shares 414,279,026 129,800
% of Voted Shares 99.9687 0.0313
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED SUBSCRIPTION OF 769,513,179 NEW KANGER SHARES ("SUBSCRIPTION SHARE(S)") AT THE SUBSCRIPTION PRICE OF RM0.06 PER SUBSCRIPTION SHARE BY MR. KUAH CHOON CHING
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 32 7
No. of Shares 413,581,726 806,700
% of Voted Shares 99.8053 0.1947
Result Accepted

Remark
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