[HHRG] Extraordinary on 09-Jan-2020

Stock
[HHRG]: HHRG BERHAD
Announcement Date
17-Dec-2019
Type
Extraordinary
Date & Time
09-Jan-2020 09:30
Depositor Date
31-Dec-2019
Venue
Majestic Hall, 1st Floor, Bukit Jawi Golf Resort Berhad Lot 414, MK6, Jalan Paya Kemian Sempayi 14200 Sungai Jawi Seberang Perai Selatan, Pulau Pinang
Description
NOTICE OF EXTRAORDINARY GENERAL MEETING
Notice of EGM.pdf
Outcome

The Board of Directors of Heng HuatResources GroupBerhad (“theCompany”) wishes to announce that all the resolutions as set out in the Notice of Extraordinary General Meeting ("EGM") dated 18 December 2019 were duly approved by way of poll at the EGM of the Company held on 9 January 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. Value Creator Consultancy.

This announcement is dated 9 January 2020.

Voting Results

1. SPECIAL RESOLUTION

Description 
PROPOSED CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN HENG HUAT (HENG HUAT SHARES) INTO 1 NEW HENG HUAT SHARE (CONSOLIDATED SHARE) (PROPOSED SHARE CONSOLIDATION)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 0
No. of Shares 102,321,932 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. ORDINARY RESOLUTION

Description 
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 237,699,028 NEW HENG HUAT SHARES (RIGHTS SHARES) ON THE BASIS OF 7 RIGHTS SHARES FOR EVERY 1 CONSOLIDATED SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (ENTITLEMENT DATE), TOGETHER WITH UP TO 135,828,016 FREE DETACHABLE WARRANTS (WARRANTS) ON THE BASIS OF 4 WARRANTS FOR EVERY 7 RIGHTS SHARES SUBSCRIBED FOR (PROPOSED RIGHTS ISSUE)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 0
No. of Shares 102,321,932 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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