[CHGP] Extraordinary on 27-May-2021

Stock
[CHGP]: CHIN HIN GROUP PROPERTY BERHAD
Announcement Date
04-May-2021
Type
Extraordinary
Date & Time
27-May-2021 11:00
Depositor Date
19-May-2021
Venue
Boardcast Venue at Chin Hin Culture Centre No. F-0-1 and F-0-2, Pusat Perdagangan Kuchai No. 2, Jalan 1/127, Off Jalan Kuchai Lama 58200 Kuala Lumpur
Description
Notice of Extraordinary General Meeting ("EGM") The EGM of the Company will be conducted on fully virtual basis via remote participation through live stream and online voting.
CHGP - Notice of EGM.pdf
Outcome

On behalf of the Board of Directors of Chin HinGroup Property Berhad (“the Company”), M&A Securities Sdn Bhdwould like to announce that the resolutions tabled at the Company's Extraordinary General Meeting held earlier today was dully passed by poll voting.

The results of the poll were validated by Aegis CommunicationSdn Bhd, the independent Scrutineer appointed by the Company.

Please refer to the attachment for the details of the poll results.

This announcement is dated 27 May 2021.

Voting Results

1. Ordinary Resolution 1

Description 
PROPOSED ACQUISITION BY STELLAR TRINITY SDN BHD ("STELLAR"), A WHOLLY-OWNED SUBSIDIARY OF BKG DEVELOPMENT SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF CHGP, OF TWO (2) PARCELS OF FREEHOLD LANDS IDENTIFIED AS LOT 651, GM 4036 AND LOT 652, GM 3418, MUKIM SERENDAH, DAERAH HULU SELANGOR, NEGERI SELANGOR ("FI LAND") FROM FRAZEL ICON SDN BHD ("FISB") FOR AN AGGREGATE CASH CONSIDERATION OF RM9,407,410.99, SUBJECT TO ADJUSTMENT ("PROPOSED ACQUISITION OF FI LAND")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 1
No. of Shares 203,062,303 5
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
PROPOSED ACQUISITION BY STELLAR, A WHOLLY-OWNED SUBSIDIARY OF BKG
DEVELOPMENT SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF CHGP, OF THREE (3) PARCELS OF FREEHOLD LANDS IDENTIFIED AS LOT 648, GM 3734, LOT 650, GM 4035 AND LOT 1301 GERAN 23462, MUKIM SERENDAH, DAERAH HULU SELANGOR OR ULU SELANGOR, NEGERI SELANGOR ("FW LAND") FROM FRAZEL WORLD SDN BHD ("FWSB") FOR AN AGGREGATE CASH CONSIDERATION OF RM45,114,934.03, SUBJECT TO ADJUSTMENT ("PROPOSED ACQUISITION OF FW LAND")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 2
No. of Shares 203,062,192 116
% of Voted Shares 99.9999 0.0001
Result Accepted

3. Ordinary Resolution 3

Description 
PROPOSED ACQUISITION BY BOON KOON CAPITAL SDN BHD ("BKC"), A WHOLLY-OWNED SUBSIDIARY OF CHGP, OF A PARCEL OF FREEHOLD LAND IDENTIFIED AS HSD 52600, PT NO 65618, BANDAR CYBERJAYA, DAERAH SEPANG, NEGERI SELANGOR ("CYBERJAYA LAND") FROM SMD REAL ESTATE SDN BHD ("SMD") FOR CASH CONSIDERATION OF RM50,223,329.60 (PROPOSED ACQUISITION OF ("CYBERJAYA LAND")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 2
No. of Shares 203,062,291 17
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
PROPOSED ACQUISITION BY BOON KOON COMMERCIAL SDN BHD ("BOON KOON
COMMERCIAL"), A WHOLLY-OWNED SUBSIDIARY OF BKG DEVELOPMENT SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF CHGP, OF A PARCEL OF FREEHOLD LAND IDENTIFIED AS LOT 484, GERAN 326333, PEKAN KINRARA, DAERAH PETALING, NEGERI SELANGOR ("KINRARA LAND") FROM PERUMAHAN KINRARA BERHAD (PKB) FOR CASH CONSIDERATION OF RM59,765,600 ("PROPOSED ACQUISITION OF KINRARA LAND")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 3
No. of Shares 203,062,180 128
% of Voted Shares 99.9999 0.0001
Result Accepted

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