Integrated Logistics Berhad ("ILB") wishes to announce that the ordinary resolution as set out in the Notice of Extraordinary General Meeting ("EGM") dated 24February2020for the Proposed Disposal was duly approved by the shareholders by way of poll at the EGM held today.
The results of the poll were validated by Mr Tan Hock Kim, the Independent Scrutineer appointed bythe Company.
This announcement is dated 10 March 2020.
Voting Results |
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1. Ordinary Resolution |
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Description |
PROPOSED DISPOSAL OF 65% EQUITY INTEREST IN INTEGRATED ETERN LOGISTICS (SUZHOU) CO. LIMITED (IEL SUZHOU), BY INTEGRATED LOGISTICS (H.K.) LIMITED (ILHK), AN INDIRECT 70%-OWNED SUBSIDIARY OF ILB, TO SWJ CN LOGIPORT PTE. LTD. ("SWJ) FOR A CASH CONSIDERATION OF RMB217.2 MILLION (EQUIVALENT TO APPROXIMATELY RM128.7 MILLION) SUBJECT TO ADJUSTMENT SUM (PROPOSED DISPOSAL) |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 53 | 0 |
No. of Shares | 104,945,856 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |