The Board of Directors of Tiong Nam Logistics Holdings Berhad ("Tiong Nam" or the "Company") is pleased to announce that the resolution as prescribed by the Company's Notice of Extraordinary General Meeting ("EGM") dated 23November 2020 was duly passed by the shareholders of the Company by way of poll via remote participation and voting at the EGM of the Company.
The results of the poll was validated by Asia Securities Sdn Bhd, the independent scrutineer appointed by the Company.
Please refer to the attachment for the details of the outcome.
This announcement is dated 10 December 2020.
Voting Results |
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1. Ordinary Resolution |
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Description |
Proposed issuance of 67,050,000 new ordinary shares in Tiong Nam, representing approximately 15% of the total number of issued shares in Tiong Nam (excluding treasury shares) ("Proposed Share Issuance") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 70 | 7 |
No. of Shares | 44,918,217 | 57,205 |
% of Voted Shares | 99.8728 | 0.1272 |
Result | Accepted | |