The Board of Directors of Grand-Flo Berhad (“the Company”) is pleased to announce that all the resolutions as prescribed in the Notice of Extraordinary General Meeting ("EGM")of the Company dated 5October 2020 were duly passed by the shareholders of the Company by way of poll via remote participation and voting facilities at the EGM of the Company.
The result of the poll was validated by Asia Securities Sdn. Berhad, the independent scrutineer appointed by the Company.
Please refer to the attachment for the details of the outcome.
This announcement is dated 20 October 2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
Proposed Disposal by Grand-Flo of 800,000 ordinary shares in Grand-Flo Spritvest Sdn. Bhd. ("GFS") ("GFS Shares"), representing 80% equity interest in GFS, to Radiant Globaltech Bhd ("RGB"), for a total cash consideration of RM11,600,000 ("Proposed Disposal 1") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 14 | 0 |
No. of Shares | 359,892,598 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
Proposed Disposal by Grand-Flo of 200,000 GFS Shares, representing 20% equity interest in GFS, to Jejaka 7 Capital Sdn. Bhd. ("Jejaka"), for a total cash consideration of RM2,900,000 ("Proposed Disposal 2") |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 14 | 0 |
No. of Shares | 359,892,598 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
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