[L&G]: LAND & GENERAL BHD

21-Jan-2014

EGM

11-Feb-2014 15:00

06-Feb-2014

The Saga Room, the Sri Damansara Club, Lot 23304, Persiaran Perdana, Bandar Sri Damansara, 52200 Kuala Lumpur

PROPOSED JOINT VENTURE BETWEEN PILLAR QUEST SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF L&G, AND POSITIVE VALLEY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MALAYSIA LAND PROPERTIES SDN BHD, TO ACQUIRE AND DEVELOP A PARCEL OF COMMERCIAL LEASEHOLD LAND HELD UNDER TITLE NO. PAJAKAN MUKIM 6395, LOT 18152, SEKSYEN 2, BATU 4, JALAN AMPANG, TOWN OF ULU KELANG, DISTRICT OF GOMBAK, STATE OF SELANGOR MEASURING APPROXIMATELY 22,934 SQUARE METRES IN AREA FROM BINGO’S GOLF (SDN) BHD FOR A TOTAL CASH CONSIDERATION OF RM118,493,800, VIA XTREME MERIDIAN SDN BHD AS THE JOINT VENTURE COMPANY
L&G_Notice of EGM.pdf

PROPOSED JOINT VENTURE BETWEEN PILLAR QUEST SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF L&G, AND POSITIVE VALLEY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MALAYSIA LAND PROPERTIES SDN BHD, TO ACQUIRE AND DEVELOP A PARCEL OF COMMERCIAL LEASEHOLD LAND HELD UNDER TITLE NO. PAJAKAN MUKIM 6395, LOT 18152, SEKSYEN 2, BATU 4, JALAN AMPANG, TOWN OF ULU KELANG, DISTRICT OF GOMBAK, STATE OF SELANGOR MEASURING APPROXIMATELY 22,934 SQUARE METRES IN AREA FROM BINGO’S GOLF (SDN) BHD FOR A TOTAL CASH CONSIDERATION OF RM118,493,800, VIA XTREME MERIDIAN SDN BHD AS THE JOINT VENTURE COMPANY (“Proposed Joint Venture”)

The announcement released on 21 January 2014 in relation to the Notice of Extraordinary General Meeting in respect of the Proposed Joint Venture refers.

On behalf of the Board of Directors of L&G, we are pleased to inform that the Ordinary Resolution tabled at the EGM which was voted by way of poll, was duly passed.

The poll result is as tabulated below.

Resolution	FOR		AGAINST
	No of Votes	%	No of Votes	%
Ordinary Resolution - Proposed Joint Venture	47,917,600	100.00	-	-

This announcement is dated 11 February 2014.

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