We refer to the announcements dated 25 January 2019, 11 February 2019, 1 March 2019, 11 March 2019, 5 April 2019 and the Circular to shareholders dated 8 April 2019 in relation to the Proposed Selective Capital Reduction and Repayment Exercise of Suiwah Corporation Bhd ("SCB") pursuant to Section 116 of the Companies Act 2016 ("Proposed SCR"). Unless otherwise stated, the terms used herein shall have the same meaning as those defined in the said announcements.
The Board of Directors of SCB wish to announce that the disinterested shareholders of SCB have approved the Special Resolution set out in the Notice of Extraordinary General Meeting ("EGM") dated 8 April 2019 in respect of the Proposed SCR at the EGM of SCB held today, 30 April 2019.
The results of the poll were validated by Value Creator Consultancy, the Independent Scrutineer appointed by the Company. Details of the said results are set out in the attachment.
The application to the High Court to seek confirmation for the reduction of share capital under Section 116 of the Companies Act 2016 will be made in due course.
This announcement is dated 30 April 2019.