[OCR] Extraordinary on 17-Nov-2021

Stock
[OCR]: OCR GROUP BERHAD
Announcement Date
01-Nov-2021
Type
Extraordinary
Date & Time
17-Nov-2021 10:00
Depositor Date
10-Nov-2021
Venue
To be held on a fully virtual basis and entirely via remote participation and voting through an online meeting platform at www.swsb.com.my provided by ShareWorks Sdn. Bhd. (Domain registration number with MYNIC : D1A403841)
Description
OCR Group Berhad - Notice of Extraordinary General Meeting
OCR_Notice of EGM.pdf
Outcome

The Board of Directors of OCR Group Berhad (the “Company”) is pleased to announce that all the resolutions as set out in the Notice of the Extraordinary General Meeting (“EGM”) of the Company dated 2 November 2021 were duly approved by the shareholders of the Company at the EGM held today. The voting in respect of the resolutions was carried out by way of a poll via remote participation and voting facilities and the results was validated by Sharepolls Sdn Bhd, the Independent Scrutineer appointed by the Company.

This announcement is dated 17 November 2021.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ACQUISITION BY OCR OF 50 ORDINARY SHARES IN STACK BUILDER SDN BHD ("STACK BUILDER"), REPRESENTING 50% EQUITY INTEREST IN
STACK BUILDER, FROM ONG KAH HOE ("STACK BUILDER VENDOR") FOR A PURCHASE CONSIDERATION OF RM3,534,775 OR RM2,242,776 (DEPENDING
ON WHETHER THE DEVELOPMENT ORDER FOR A HOUSING DEVELOPMENT PROJECT HAS BEEN OBTAINED BY STACK BUILDER) ("PROPOSED ACQUISITION
OF STACK BUILDER")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 2
No. of Shares 193,529,303 160,205
% of Voted Shares 99.9173 0.0827
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED ACQUISITION BY OCR OF 2,000,000 ORDINARY SHARES IN WONDERLAND PROJECTS SDN BHD ("WONDERLAND"), REPRESENTING 100% EQUITY INTEREST IN WONDERLAND, FROM ONG KAH HOE, LOW KIN KOK, CHONG TZE-BAN AND LOW KIEN POH (COLLECTIVELY, THE "WONDERLAND VENDORS") FOR A TOTAL PURCHASE CONSIDERATION OF RM5,318,273 ("PROPOSED ACQUISITION OF WONDERLAND")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 4
No. of Shares 193,525,189 164,319
% of Voted Shares 99.9152 0.0848
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
PROPOSED SETTLEMENT BY OCR OF SHAREHOLDERS' ADVANCES TOTALLING RM9,853,713 OWING BY WONDERLAND TO THE WONDERLAND VENDORS
("PROPOSED SETTLEMENT OF WONDERLAND ADVANCES")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 4
No. of Shares 193,525,189 164,319
% of Voted Shares 99.9152 0.0848
Result Accepted

4. ORDINARY RESOLUTION 4

Description 
PROPOSED PRIVATE PLACEMENT OF UP TO 206,352,000 NEW ORDINARY SHARES IN OCR, REPRESENTING 30% OF THE ENLARGED TOTAL NUMBER OF
ISSUED SHARES OF OCR, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AND AT AN ISSUE PRICE TO BE DETERMINED LATER
("PROPOSED PRIVATE PLACEMENT")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 4
No. of Shares 232,647,693 27,163,215
% of Voted Shares 89.5450 10.4550
Result Accepted

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