The Board of Directors of Kronologi Asia Berhad (“the Company”) is pleased to announce that the resolution as prescribed in the Notice of Extraordinary General Meeting (“EGM”) of the Company dated 8 July 2021 was duly passed by the shareholders of the Company by way of poll via remote participation and voting at the EGM of the Company. The result of the poll was validated by Coopers Professional Scrutineers Sdn. Bhd., the independent scrutineer appointed by the Company. Please refer to the attachment for the details of the outcome. This announcement is dated 23 July 2021.
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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Description |
PROPOSED ACQUISITION BY KAB OF THE REMAINING 83.33% EQUITY INTEREST IN QUANTUM CHINA LIMITED ("QCL"), COMPRISING 100 ORDINARY SHARES OF USD 1 EACH IN QCL ("SALE SHARES") FROM LAVENDER BLOOMS INVESTMENTS LIMITED FOR A PURCHASE CONSIDERATION OF UP TO RM150,000,000, TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT OF UP TO RM75,000,000 AND THE ALLOTMENT AND ISSUANCE OF UP TO 110,294,117 NEW ORDINARY SHARES IN KAB ("CONSIDERATION SHARES") AT THE ISSUE PRICE OF RM0.68 PER CONSIDERATION SHARE |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 79 | 11 |
No. of Shares | 232,765,857 | 2,410,422 |
% of Voted Shares | 98.9751 | 1.0249 |
Result | Accepted | |