The Board of Directors of Bintai Kinden Corporation Berhad ("Bintai" or "the Company") wishes to announce that the resolution as set out in the Notice of Extraordinary General Meeting dated 29 October 2021 was approved by the shareholders of the Company at the Extraordinary General Meeting held today, 22 November 2021.
The results of the poll voting in respect of all the Resolutions tabled have been validated by Eco Asia Corporate Services Sdn Bhd, the independent scrutineer appointed by the Company as set out below (please refer to the attachment for the poll results).
A copy of the Press Release is attached herein.
This announcement is dated 22 November 2021.
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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Description |
PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN JOHNSON MEDICAL INTERNATIONAL SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM50,000,000 TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT RM26,000,000 AND THE REMAINING PURCHASE CONSIDERATION OF RM24,000,000 TO BE SATISFIED VIA THE ISSUANCE AND ALLOTMENT OF 58,536,600 NEW ORDINARY SHARES IN BINTAI ("BINTAI SHARE(S)" OR "SHARE(S)") AT THE ISSUE PRICE OF RM0.41 PER SHARE ("PROPOSED ACQUISITION") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 416 | 14 |
No. of Shares | 194,773,174 | 28,870 |
% of Voted Shares | 99.9852 | 0.0148 |
Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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Description |
PROPOSED DIVERSIFICATION OF BINTAI'S EXISTING BUSINESS TO INCLUDE THE: (I) PROPERTY DEVELOPMENT BUSINESS SEGMENT; AND (II) PROPERTY MANAGEMENT BUSINESS SEGMENT WHICH INCLUDES THE MANAGEMENT OF CONDOTEL ("PROPOSED DIVERSIFICATION") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 417 | 13 |
No. of Shares | 194,779,174 | 22,870 |
% of Voted Shares | 99.9883 | 0.0117 |
Result | Accepted | |
3. ORDINARY RESOLUTION 3 |
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Description |
PROPOSED PRIVATE PLACEMENT OF UP TO 114,567,500 NEW ORDINARY SHARES IN BINTAI REPRESENTING APPROXIMATELY 30% OF THE EXISTING ISSUED ORDINARY SHARES IN BINTAI, TO INDEPENDENT INVESTOR(S) TO BE IDENTIFIED LATER ("PROPOSED PRIVATE PLACEMENT") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 413 | 17 |
No. of Shares | 194,759,672 | 42,372 |
% of Voted Shares | 99.9782 | 0.0218 |
Result | Accepted | |
4. ORDINARY RESOLUTION 4 |
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Description |
PROPOSED ISSUANCE OF UP TO 190,946,000 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") TO OUD ASSET MANAGEMENT SDN BHD ("OUD") AT AN ISSUE PRICE OF RM0.10 PER RCPS ("PROPOSED ISSUANCE OF RCPS") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 412 | 18 |
No. of Shares | 194,759,537 | 42,507 |
% of Voted Shares | 99.9782 | 0.0218 |
Result | Accepted | |
5. SPECIAL RESOLUTION |
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Description |
PROPOSED AMENDMENTS TO THE CONSTITUTION OF THE COMPANY TO FACILITATE THE PROPOSED ISSUANCE OF RCPS ("PROPOSED AMENDMENTS") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 416 | 14 |
No. of Shares | 194,785,074 | 16,970 |
% of Voted Shares | 99.9913 | 0.0087 |
Result | Accepted | |