[YONGTAI] EGM on 15-Jul-2022

Announcement Date
29-Jun-2022
Reference No.
GMA-29062022-00003
Corporate Action ID
MY220629MEET0003
Type
EGM
Date & Time
15-Jul-2022 10:30
Depositor Date
06-Jul-2022
Venue
Fully Virtual via Online Meeting Platform,provided by Niche & Milestones International Sdn Bhd,https://bit.ly/3A00a32,MY
Description
YONG TAI BERHAD ("YTB") or ("the Company") Notice of Extraordinary General Meeting ("EGM")
YTB_Notice of EGM.pdf
Outcome

The Board of Directors of Yong Tai Berhad ("the Company") is pleased to announce that all the resolutions as set out in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 30 June 2022 were approved by the Shareholders by way of poll at the EGM of the Company held on Friday, 15 July 2022 at 10.30 a.m.

The results of the poll werevalidated by Acclime Corporate Services Sdn Bhd, the independent scrutineer appointed by the Company.

The poll result is attached herewith.

This announcement is dated 15 July 2022.

Voting Results


1. Ordinary Resolution 1

Description
To approve the consolidation of every 5 existing Ordinary Shares in YTB ("YTB Share(s)" or "Share(s)") into 1 YTB Share ("Consolidated Share(s)") held by the entitled shareholders on an entitlement date to be determined and announced later ("Proposed Share Consolidation")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 107 8
No. of Shares 372,344,632 112,305
% of Voted Shares 99.9698 0.0302
Result Accepted

2. Ordinary Resolution 2

Description
To approve the bonus issue of up to 103,098,378 free warrants in YTB ("warrant(s)") on the basis of 1 warrant for every 4 consolidated shares held by entitled shareholders on an entitlement date to be determined and announced later ("Proposed Bonus Issue of Warrants")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 107 8
No. of Shares 372,344,632 112,305
% of Voted Shares 99.9698 0.0302
Result Accepted

3. Ordinary Resolution 3

Description
To approve the settlement of an aggregate amount of RM46,000,000 debt owing to creditors ("creditor(s)") by the Company and/or its subsidiaries ("YTB group"), via the issuance of 92,000,000 new YTB shares ("Proposed Creditors Settlement")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 108 7
No. of Shares 372,344,732 112,205
% of Voted Shares 99.9699 0.0301
Result Accepted

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