[VELOCITY] Extraordinary on 22-Sep-2021

Stock
[VELOCITY]: VELOCITY CAPITAL PARTNER BERHAD
Announcement Date
20-Aug-2021
Type
Extraordinary
Date & Time
22-Sep-2021 10:00
Depositor Date
14-Sep-2021
Venue
On a fully virtual basis through live streaming and online remote voting via the remote participation and electronic voting facilities via Vote2U at https://web.vote2u.my (Domain Registration No. with MYNIC - D6A471702) provided by Agmo Digital Solutions Sdn Bhd
Description
KTG Berhad ("KTG") - Notice of Extraordinary Meeting
Notice of Extraordinary General Meeting - 23.08.2021.pdf
Outcome

The Board of Directors of KTG Berhad ("the Company") wishes to announce that all of the resolutions as tabled at the Extraordinary General Meeting ("EGM") held today as per the Notice of the EGM dated 23 August 2021were duly passed by the shareholders of the Company.

All of the resolutions were voted by poll and the results of the poll were validated by Aegis CommunicationSdn. Bhd., the independent scrutineer appointed by the Company.

Details of the results of the polling in respect of all resolutions of the EGM are set out below.

This announcement is dated 22 September 2021.

Voting Results

1. Ordinary Resolution 1

Description 
Turnkey Agreement for the commissioning of nitrile butadiene rubber double former glove dipping production lines
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 7
No. of Shares 160,374,672 1,390,430
% of Voted Shares 99.1405 0.8595
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed diversification of the existing businesses of the Company and its subsidiaries ("KTG Group" or "Group") to include manufacturing and trading of gloves and other personal protective equipment products and related business
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 6
No. of Shares 160,764,672 1,000,430
% of Voted Shares 99.3816 0.6184
Result Accepted

3. Ordinary Resolution 3

Description 
Proposed diversification of the existing businesses of the Group to include transportation and logistics business
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 2
No. of Shares 161,745,092 20,010
% of Voted Shares 99.9876 0.0124
Result Accepted

4. Ordinary Resolution 4

Description 
Proposed renounceable rights issue of up to 690,705,280 new ordinary shares in KTG ("KTG Shares") ("Rights Shares") on the basis of 1 Rights Share for every 1 existing KTG Share held on an entitlement date to be determined ("Entitlement Date"), together with up to 690,705,280 free detachable warrants ("Warrants") on the basis of 1 Warrant for every 1 Rights Share subscribed for
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 13
No. of Shares 158,956,470 2,808,632
% of Voted Shares 98.2638 1.7362
Result Accepted

5. Ordinary Resolution 5

Description 
Proposed new shareholders' mandate for recurrent related party transactions of a revenue or trading nature ("RRPT") entered into between ChipSeng Heng Enterprise Sdn Bhd ("ChipSengHeng Enterprise") and KTG Group
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 5
No. of Shares 76,464,390 820,212
% of Voted Shares 98.9387 1.0613
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed new shareholders' mandate for RRPT entered into between MMAG Holdings Berhad and its subsidiaries ("MMAG Group") and KTG Group
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 32 5
No. of Shares 125,551,390 820,212
% of Voted Shares 99.3510 0.6490
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed new shareholders' mandate for RRPT entered into between L.T.S. Haulage Sdn Bhd ("LTS") and KTG Group
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 36 3
No. of Shares 161,741,390 20,212
% of Voted Shares 99.9875 0.0125
Result Accepted

8. Special Resolution

Description 
Proposed change of name from KTG Berhad to CSH Alliance Berhad
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 5
No. of Shares 160,551,592 823,510
% of Voted Shares 99.4897 0.5103
Result Accepted

Remark
-
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment