[KOBAY] Extraordinary on 22-Jul-2021

Stock
[KOBAY]: KOBAY TECHNOLOGY BHD
Announcement Date
02-Jul-2021
Type
Extraordinary
Date & Time
22-Jul-2021 11:00
Depositor Date
15-Jul-2021
Venue
Fully virtual basis through live webcast and online remote voting via Online Meeting Platform, www.agriteum.com.my provided by Agriteum Share Registrar Sdn. Bhd.
Description
Notice of Extraordinary General Meeting Due to the Full Movement Control Order, the Extraordinary General Meeting of Kobay Technology Bhd will be conducted on a fully virtual basis via online meeting platform at www.agriteum.com.my
Kobay_Notice of EGM.pdf
Outcome

The Company wishes to announce that all the resolutions as set in the Notice of Extraordinary General Meeting ("EGM") dated 5 July2021, has been approved by way of poll at the EGM of the Company held on 22 July 2021.

The voting in respect of the resolutions was carried out by way of poll and the results were validated by Messrs Symphony Merchant Sdn Bhd, the Independent Scrutineer appointed by the Company.

Details of the said results are set out in the attachment.

This announcement is dated 22 July 2021

Voting Results

1. Ordinary Resolution 1

Description 
(i)	Proposed acquisition by Kobay of 70% equity interest in the (a) Avelon Healthcare Sdn Bhd, (b) Galaxis Healthcare Sdn Bhd, (c) Avelon Arise Sdn Bhd, (d) Galaxis Pharma Sdn Bhd and (e) Arise Healthcare Sdn Bhd (collectively referred to as the Avelon Group) from Lim Beng Cheong and Chong Huei Shin (collectively referred to as the Vendors) for a total cash consideration of up to RM47,665,676.80 (Proposed 70% Acquisition); and

(ii)	Proposed granting by the Vendors of a call option for Kobay to acquire the remaining 30% equity interest in the Avelon Group and the granting by Kobay of a put option to the Vendors to sell or cause to sell the remaining 30% equity interest in the Avelon Group after the Proposed 70% Acquisition (Proposed Call and Put Option)

(The Proposed 70% Acquisition and Proposed Call and Put Option are collectively referred to as the Proposed Acquisition)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 0
No. of Shares 132,804,259 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed diversification of the existing principal activities of the Kobay and its subsidiaries to include the sale and/or manufacturing of pharmaceutical and healthcare products (Proposed Diversification)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 1
No. of Shares 132,796,759 7,500
% of Voted Shares 99.9943 0.0056
Result Accepted

Remark
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2024-04-17

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