[YB] Extraordinary on 16-Mar-2021

Stock
[YB]: YB VENTURES BERHAD
Announcement Date
19-Feb-2021
Type
Extraordinary
Date & Time
16-Mar-2021 10:00
Depositor Date
09-Mar-2021
Venue
Broadcast Venue: 1st Floor, Meeting Room, Lot 8, Jalan 51A/241, Seksyen 51A, 46100 Petaling Jaya, Selangor
Description
YI-LAI BERHAD Extraordinary General Meeting ("EGM") The EGM of the Company will be conducted on fully virtual basis via remote participation through live stream and online voting.
Yi-Lai - Notice of EGM and Admin Guide.pdf
Outcome

The Board of Directors of Yi-Lai Berhad (“Yi-Lai”) or ("the Company") is pleased to announce that allresolutions set out in the Notice of the Extraordinary General Meeting dated 22 February 2021, were passed by the shareholders of the Company at the EGM held on 16 March 2021.

All relevant resolutions were voted on poll and the results of the poll were validated byAegis Communication Sdn. Bhd., an independent Scrutineer appointed by the Company.


This announcement is dated 16 March 2021.

Voting Results

1. Ordinary Resolution

Description 
PROPOSED BONUS ISSUE OF 97,047,061 NEW ORDINARY SHARES IN YILAI ("BONUS SHARES") ON THE BASIS OF TWO (2) BONUS SHARES FOR EVERY THREE (3) EXISTING ORDINARY SHARES IN YILAI ("YILAI SHARES") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 1
No. of Shares 45,306,516 2,050
% of Voted Shares 99.9955 0.0045
Result Accepted

2. SPECIAL RESOLUTION

Description 
PROPOSED CHANGE OF NAME OF THE COMPANY FROM "YI-LAI BERHAD" TO "YB VENTURES BERHAD" ("PROPOSED CHANGE OF NAME")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 1
No. of Shares 45,306,506 2,060
% of Voted Shares 99.9955 0.0045
Result Accepted

Remark
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