[MBRIGHT] EGM on 15-Jul-2022

Stock
[MBRIGHT]: META BRIGHT GROUP BERHAD
Announcement Date
22-Jun-2022
Reference No.
GMA-22062022-00007
Corporate Action ID
MY220622MEET0007
Type
EGM
Date & Time
15-Jul-2022 10:00
Depositor Date
07-Jul-2022
Venue
Merbok Room,,Level 6, The Grand Renai Hotel,,Kota Sri Mutiara, Jalan Sultan Yahya Petra,,15150 Kota Bharu, Kelantan,MY
Description
Eastland Equity Bhd. ("Eastland" or the "Company") - Notice of Extraordinary General Meeting ("EGM")
Eastland - Notice of EGM_Notification_Requisition Form.pdf
Outcome

The Board of Directors of Eastland Equity. Bhd (“Eastland” or the “Company”) would like to announce that the shareholders of the Company had approved all the resolutionsset out in the Notice of Extraordinary General Meeting (“EGM”) dated 23 June 2022 at the EGM of the Company held on 15 July 2022.

The resolutions were passed by way of poll and the results of the poll were validated by GovernAce Advisory & Solutions Sdn. Bhd., the Independent Scrutineer appointed by the Company.

This announcement is dated 15 July 2022.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ACQUISITION OF 92 COMMERCIAL UNITS COMPRISING THE GROUND AND FIRST FLOOR WITHIN 46 STRATIFIED 2-STOREY SHOP/OFFICES WITHIN BANDAR TUN RAZAK BUSINESS PARK, 26400 BANDAR TUN ABDUL RAZAK JENGKA, MARAN, PAHANG DARUL MAKMUR ("PROPERTIES"), FOR A TOTAL PURCHASE CONSIDERATION OF RM24,800,000 ("PURCHASE CONSIDERATION'), WHICH WILL BE SATISFIED VIA THE ISSUANCE OF 381,538,461 NEW SHARES IN EASTLAND ("EASTLAND SHARES" OR "SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM0.065 EACH ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 2
No. of Shares 847,391,968 138,400
% of Voted Shares 99.9837 0.0163
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF EASTLAND AND ITS SUBSIDIARIES ("EASTLAND GROUP" OR "GROUP") TO INCLUDE RENEWABLE ENERGY AND ENERGY EFFICIENCY RELATED TECHNOLOGY AND BUSINESSES ("ENERGY RELATED BUSINESS") ("PROPOSED DIVERSIFICATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 2
No. of Shares 1,091,334,531 138,400
% of Voted Shares 99.9873 0.0127
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
PROPOSED SHAREHOLDERS' MANDATE FOR THE RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED SHAREHOLDERS' MANDATE")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 2
No. of Shares 847,391,968 138,400
% of Voted Shares 99.9837 0.0163
Result Accepted

4. SPECIAL RESOLUTION 1

Description 
PROPOSED CAPITAL REDUCTION EXERCISE TO BE CARRIED OUT BY THE COMPANY, TO REDUCE THE CAPITAL RESERVE ACCOUNT OF THE COMPANY ("PROPOSED CAPITAL RESERVE REDUCTION") AND TO REDUCE THE SHARE CAPITAL OF THE COMPANY PURSUANT TO SECTION 116 OF THE ACT ("PROPOSED SHARE CAPITAL REDUCTION") (PROPOSED CAPITAL RESERVE REDUCTION AND PROPOSED SHARE CAPITAL REDUCTION SHALL COLLECTIVELY REFERRED TO AS THE "PROPOSED CAPITAL REDUCTION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 2
No. of Shares 1,091,334,531 138,400
% of Voted Shares 99.9873 0.0127
Result Accepted

5. SPECIAL RESOLUTION 2

Description 
PROPOSED CHANGE OF NAME OF THE COMPANY FROM "EASTLAND EQUITY BHD." TO "META BRIGHT GROUP BERHAD" ("PROPOSED CHANGE OF NAME")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 2
No. of Shares 1,091,334,531 138,400
% of Voted Shares 99.9873 0.0127
Result Accepted

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