The Board of Directors of Tiger Synergy Berhad ("Tiger") is pleased to announce that all the following resolutions set out in the Notice of Extraordinary General Meeting ("EGM") dated 21 October 2013 and tabled at the said EGM held today, were duly passed:-
1. Approval of proposed ratification of business diversification of Tiger and its subsidiaries into property development and construction activities.
2. Approval of proposed renounceable rights issue of shares up to 424,710,000 new ordinary shares of RM0.20 each in Tiger ("Rights Shares") on the basis of one (1) rights share for every one (1) existing ordinary shares of RM0.20 each in Tiger held, together with up to 424,710,000 free detachable warrants 2013/2018 ("Warrants 2013/2018") on the basis of one (1) Warrant 2013/2018 for every one (1) Rights Share successfully subscribed at an entitlement date to be determined later.
3. Approval of proposed increase in the authorised share capital of the Company from RM100,000 comprising 500,000,000 Shares to RM500,000,000 comprising 2,500,000,000 Shares.
4. Approval of proposed amendment to the Memorandum of Association of Tiger.
This announcement is dated 15 November 2013.
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