[KIPREIT] EGM on 13-Oct-2022

Stock
[KIPREIT]: KIP REAL ESTATE INVESTMENT TRUST
Announcement Date
22-Sep-2022
Reference No.
GMA-20092022-00007
Corporate Action ID
MY220920MEET0008
Type
EGM
Date & Time
13-Oct-2022 00:30
Depositor Date
06-Oct-2022
Venue
Broadcast Venue: 12th Floor, Menara Symphony,,No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13,46200 Petaling Jaya,Selangor Darul Ehsan,MY
Description
KIP REAL ESTATE INVESTMENT TRUST ("KIP REIT") - NOTICE OF UNITHOLDERS' MEETING The Unitholders' Meeting of KIP REIT will be conducted on a virtual basis via online meeting platform.
Notice of Unitholders Meeting (Bursa).pdf
Outcome

We wish to announce that the 6Ordinary Resolutions set out in the Notice of Unitholders' Meeting of KIP Real Estate Investment Trust ("KIP REIT") held on 13 October 2022 were duly passed by way of poll.

The results of the poll as stated below were duly verified by Sky Corporate Services Sdn Bhd, the Independent Scrutineer appointed by KIP REIT.

This announcement is dated 13 October 2022.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD ("TRUSTEE"), ON BEHALF OF KIP REIT, OF 2 ADJOINING PARCELS OF LEASEHOLD INDUSTRIAL LAND KNOWN AS LOT 88089 AND LOT 88105, BOTH UNDER MUKIM OF KLANG, DISTRICT OF KLANG, STATE OF SELANGOR, HELD UNDER PAJAKAN NEGERI 12168 AND PAJAKAN NEGERI 12170 RESPECTIVELY, TOGETHER WITH A DOUBLE STOREY OFFICE BUILDING WITH AN ANNEXED SINGLE STOREY WAREHOUSE AND GUARD HOUSE ("KLANG PROPERTY 1") FROM HEXTAR CHEMICALS SDN BHD ("HCSB") FOR A CASH CONSIDERATION OF RM27.0 MILLION ("PROPOSED ACQUISITION 1")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 9
No. of Shares 148,400,659 820
% of Voted Shares 99.9994 0.0006
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED LEASE BY THE TRUSTEE, ON BEHALF OF KIP REIT, OF KLANG PROPERTY 1 TO HCSB UPON THE COMPLETION OF PROPOSED ACQUISITION 1 ("PROPOSED LEASE 1")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 9
No. of Shares 148,400,659 820
% of Voted Shares 99.9994 0.0006
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
PROPOSED ACQUISITION BY THE TRUSTEE, ON BEHALF OF KIP REIT, OF A PARCEL OF LEASEHOLD INDUSTRIAL LAND KNOWN AS PT 150309, MUKIM OF KLANG, DISTRICT OF KLANG, STATE OF SELANGOR, HELD UNDER H.S.(D) 158288, TOGETHER WITH A SINGLE STOREY WAREHOUSE, PUMP HOUSE AND GUARD HOUSE ("KLANG PROPERTY 2") FROM HEXTAR INDUSTRIAL CHEMICALS SDN BHD ("HICSB") FOR A CASH CONSIDERATION OF RM23.7 MILLION ("PROPOSED ACQUISITION 2")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 9
No. of Shares 148,400,659 820
% of Voted Shares 99.9994 0.0006
Result Accepted

4. ORDINARY RESOLUTION 4

Description 
PROPOSED LEASE BY THE TRUSTEE, ON BEHALF OF KIP REIT, OF KLANG PROPERTY 2 TO TEJU LOGISTICS SDN BHD ("TLSB") UPON THE COMPLETION OF PROPOSED ACQUISITION 2 ("PROPOSED LEASE 2")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 9
No. of Shares 148,400,659 820
% of Voted Shares 99.9994 0.0006
Result Accepted

5. ORDINARY RESOLUTION 5

Description 
PROPOSED ACQUISITION BY THE TRUSTEE, ON BEHALF OF KIP REIT, OF A PARCEL OF LEASEHOLD INDUSTRIAL LAND KNOWN AS PT 154141, MUKIM OF KLANG, DISTRICT OF KLANG, STATE OF SELANGOR, HELD UNDER H.S.(D) 163577, TOGETHER WITH A SINGLE STOREY FACTORY/WAREHOUSE, GUARD HOUSE, PUMP HOUSE AND REFUSE CHAMBER ("KLANG PROPERTY 3") FROM TLSB FOR A CASH CONSIDERATION OF RM28.0 MILLION ("PROPOSED ACQUISITION 3")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 9
No. of Shares 148,400,659 820
% of Voted Shares 99.9994 0.0006
Result Accepted

6. ORDINARY RESOLUTION 6

Description 
PROPOSED LEASE BY THE TRUSTEE, ON BEHALF OF KIP REIT, OF KLANG PROPERTY 3 TO TLSB UPON THE COMPLETION OF PROPOSED ACQUISITION 3 ("PROPOSED LEASE 3")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 9
No. of Shares 148,400,659 820
% of Voted Shares 99.9994 0.0006
Result Accepted

Remark
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