The Board of Directors of Mieco Chipboard Berhad ("MIECO" or the "Company") is pleased to announce that at the Extraordinary General Meeting ("EGM") of MIECO held today, the Ordinary Resolutions as set out in the Notice of EGM dated 29 November 2021, were duly passed by the shareholders of MIECO.
The voting in respect of the resolutions were carried out by way of a poll and the results were validated by Symphony Corporate Services Sdn. Bhd., the Independent Scrutineer appointed by the Company.
Details of the said results are set out in the attachment.
This announcement is dated 14 December 2021.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
PROPOSED PRIVATE PLACEMENT OF UP TO 167,999,993 NEW ORDINARY SHARES IN MIECO, REPRESENTING APPROXIMATELY 20% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF MIECO, TO INDEPENDENT THIRD PARTY INVESTOR(S), WHO QUALIFY UNDER SCHEDULES 6 AND 7 OF THE CAPITAL MARKETS AND SERVICES ACT, 2007, TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED PRIVATE PLACEMENT") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 49 | 11 |
No. of Shares | 155,484,053 | 5,633 |
% of Voted Shares | 99.9964 | 0.0036 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN SENG YIP FURNITURE SDN BHD ("SYFSB"), A WHOLLY-OWNED SUBSIDIARY OF SYF RESOURCES BERHAD ("SYF"), FOR A PURCHASE CONSIDERATION OF RM50,000,000 TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED ACQUISITION") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 46 | 14 |
No. of Shares | 155,480,013 | 9,673 |
% of Voted Shares | 99.9938 | 0.0062 |
Result | Accepted | |