The Board of Directors of Lion Industries Corporation Berhad ("LICB") wishes to announce that the ordinary resolution set out in the Notice of Extraordinary General Meeting of LICB ("EGM") was duly passed by way of poll at the EGM held on 10 December 2021. The result of the poll was duly verified by Commercial Quest Sdn Bhd, the Independent Scrutineers appointed by LICB. Details of the result of the poll are set out below.
Voting Results |
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1. Ordinary Resolution |
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Description |
Proposed disposal by Amsteel Mills Sdn Bhd, a 99% owned subsidiary of the Company, of its entire 100% equity interest in Antara Steel Mills Sdn Bhd to Esteel Enterprise Pte Ltd. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 207 | 46 |
No. of Shares | 351,377,531 | 97,016 |
% of Voted Shares | 99.9724 | 0.0276 |
Result | Accepted | |