The Board of Directors of Heng HuatResources GroupBerhad (“theCompany”) wishes to announce thatthe resolutions as set out in the Notice of Extraordinary General Meeting ("EGM") dated 17 November 2020 was duly approved by way of poll at the EGM of the Company held on 2 December 2020.
The details of the results of the poll are set out in the attachment.
The independent scruitineer appointed for the verification of the poll results is Messrs. Symphony Merchant Sdn.Bhd.
This announcement is dated 2 December2020.
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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Description |
PROPOSED SETTLEMENT OF DEBT OWING TO SELECTED CREDITORS OF HENG HUAT ("CREDITORS") IN THE AGGREGATE SUM OF RM7,750,272 TO BE FULLY SATISFIED THROUGH THE ISSUANCE OF 24,219,600 HENG HUAT SHARES ("CREDITOR SETTLEMENT SHARES") AT AN ISSUE PRICE OF RM0.32 EACH ("PROPOSED DEBT SETTLEMENT WITH CREDITORS") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 7 | 1 |
No. of Shares | 14,102,335 | 6,463,378 |
% of Voted Shares | 68.5721 | 31.4279 |
Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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Description |
PROPOSED SETTLEMENT OF DEBT OWING TO DATO HNG CHOON SENG, A DIRECTOR OF HENG HUAT, IN THE SUM OF RM4,900,000 TO BE SATISFIED THROUGH THE ISSUANCE OF 15,312,500 NEW HENG HUAT SHARES ("DIRECTOR SETTLEMENT SHARES") AT AN ISSUE PRICE OF RM0.32 EACH ("PROPOSED DEBT SETTLEMENT WITH DATO' H'NG CHOON SENG") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 7 | 1 |
No. of Shares | 13,113,920 | 6,463,378 |
% of Voted Shares | 66.9853 | 33.0147 |
Result | Accepted | |
3. ORDINARY RESOLUTION 3 |
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Description |
PROPOSED SETTLEMENT OF DEBT OWING TO KEE SWEE LAI, A DIRECTOR OF HENG HUAT, IN THE SUM OF RM2,100,000 TO BE SATISFIED THROUGH THE ISSUANCE OF 6,562,500 DIRECTOR SETTLEMENT SHARES AT AN ISSUE PRICE OF RM0.32 EACH ("PROPOSED DEBT SETTLEMENT WITH KEE SWEE LAI") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 7 | 1 |
No. of Shares | 15,254,935 | 6,463,378 |
% of Voted Shares | 70.2400 | 29.7600 |
Result | Accepted | |
4. ORDINARY RESOLUTION 4 |
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Description |
PROPOSED ISSUANCE OF 5,609,700 NEW HENG HUAT SHARES ("CONSIDERATION SHARES") TO QCT EQUIPMENT SDN BHD AT AN ISSUE PRICE OF RM0.41 EACH, TO SATISFY THE PURCHASE CONSIDERATION OF RM2,299,977 FOR THE ACQUISITION OF LAND BY HH LAND AND DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF HENG HUAT ("PROPOSED ISSUANCE OF CONSIDERATION SHARES TO QCT EQUIPMENT SDN BHD") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 7 | 1 |
No. of Shares | 15,254,935 | 6,463,378 |
% of Voted Shares | 70.2400 | 29.7600 |
Result | Accepted | |
5. ORDINARY RESOLUTION 5 |
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Description |
PROPOSED ISSUANCE OF 3,414,600 CONSIDERATION SHARES TO GOH BOON LEONG AT AN ISSUE PRICE OF RM0.41 EACH, TO SATISFY THE PURCHASE CONSIDERATION OF RM1,399,986 FOR THE ACQUISITION OF LAND BY HH LAND AND DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF HENG HUAT ("PROPOSED ISSUANCE OF CONSIDERATION SHARES TO GOH BOON LEONG") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 1 |
No. of Shares | 11,543,335 | 6,463,378 |
% of Voted Shares | 64.1057 | 35.8943 |
Result | Accepted | |
6. ORDINARY RESOLUTION 6 |
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Description |
PROPOSED PRIVATE PLACEMENT OF UP TO 27,741,400 NEW HENG HUAT SHARES ("PLACEMENT SHARES"), REPRESENTING APPROXIMATELY 30% OF THE ENLARGED NUMBER OF ISSUED HENG HUAT SHARES ("EXCLUDING ANY TREASURY SHARES) (PROPOSED 30% PLACEMENT") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 7 | 1 |
No. of Shares | 15,254,935 | 6,463,378 |
% of Voted Shares | 70.2400 | 29.7600 |
Result | Accepted | |
7. ORDINARY RESOLUTION 7 |
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Description |
PROPOSED SHARE ISSUANCE SCHEME OF UP TO 30% OF THE TOTAL NUMBER OF ISSUED HENG HUAT SHARES ("EXCLUDING ANY TREASURY SHARES") AT ANY ONE TIME DURING THE DURATION OF THE SHARE ISSUANCE SCHEME ("PROPOSED SIS") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 2 |
No. of Shares | 15,254,835 | 6,463,478 |
% of Voted Shares | 70.2395 | 29.7605 |
Result | Accepted | |
8. ORDINARY RESOLUTION 8 |
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Description |
PROPOSED GRANTING OF SIS OPTIONS TO DATO' H'NG CHOON SENG |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 2 |
No. of Shares | 13,113,820 | 6,463,478 |
% of Voted Shares | 66.9848 | 33.0152 |
Result | Accepted | |
9. ORDINARY RESOLUTION 9 |
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Description |
PROPOSED GRANTING OF SIS OPTIONS TO KEE SWEE LAI |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 2 |
No. of Shares | 15,254,835 | 6,463,478 |
% of Voted Shares | 70.2395 | 29.7605 |
Result | Accepted | |
10. ORDINARY RESOLUTION 10 |
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Description |
PROPOSED GRANTING OF SIS OPTIONS TO CHEAH SWI CHUN |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 2 |
No. of Shares | 15,254,835 | 6,463,478 |
% of Voted Shares | 70.2395 | 29.7605 |
Result | Accepted | |
11. ORDINARY RESOLUTION 11 |
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Description |
PROPOSED GRANTING OF SIS OPTIONS TO DR. LO LIANG KHENG |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 2 |
No. of Shares | 15,254,835 | 6,463,478 |
% of Voted Shares | 70.2395 | 29.7605 |
Result | Accepted | |
12. ORDINARY RESOLUTION 12 |
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Description |
PROPOSED GRANTING OF SIS OPTIONS TO HO WHYE CHONG |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 2 |
No. of Shares | 15,254,835 | 6,463,478 |
% of Voted Shares | 70.2395 | 29.7605 |
Result | Accepted | |
13. ORDINARY RESOLUTION 13 |
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Description |
ROPOSED GRANTING OF SIS OPTIONS TO DATIN KHOR MOOI KIM |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 2 |
No. of Shares | 13,476,998 | 6,463,478 |
% of Voted Shares | 67.5861 | 32.4139 |
Result | Accepted | |
14. ORDINARY RESOLUTION 14 |
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Description |
PROPOSED GRANTING OF SIS OPTIONS TO TEH CHAI LUANG |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 2 |
No. of Shares | 13,892,607 | 6,463,478 |
% of Voted Shares | 68.2479 | 31.7521 |
Result | Accepted | |
15. ORDINARY RESOLUTION 15 |
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Description |
PROPOSED GRANTING OF SIS OPTIONS TO CHING MENG HAK |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 2 |
No. of Shares | 13,892,698 | 6,463,478 |
% of Voted Shares | 68.2481 | 31.7519 |
Result | Accepted | |