[MQTECH] EGM on 11-Apr-2023

Stock
[MQTECH]: MQ TECHNOLOGY BHD
Announcement Date
24-Mar-2023
Reference No.
GMA-23032023-00001
Corporate Action ID
MY230323MEET0001
Type
EGM
Date & Time
11-Apr-2023 11:00
Depositor Date
05-Apr-2023
Venue
Unit 310, Block C, Damansara Intan,,No. 1, Jalan SS20/27,,47400 Petaling Jaya,,Selangor Darul Ehsan,MY
Description
MQ Technology Berhad Extraordinary General Meeting
MQ - Notice of EGM.pdf
Outcome

The Board of Directors of MQ Technology Berhad (“the Company”) wishes to announce that all the Resolutions as set out in the Notice of the Extraordinary General Meeting (“EGM"),wereduly passed by the shareholders of the Company at the EGM held on Tuesday, 11 April2023.

This announcement is dated 11 April 2023.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ACQUISITION OF PART OF LEASEHOLD LAND IN KLEBANG, MELAKA MEASURING UP TO 7.155 ACRES WITHIN A LARGER PARCEL OF LAND (MEASURING APPROXIMATELY 10.727 ACRES) IDENTIFIED AS PN 63030, LOT 1, KAWASAN BANDAR XLV, DISTRICT OF MELAKA TENGAH, STATE OF MELAKA ("PROPERTY") BY STAR ACRES SDN BHD ("PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF MQ TECH, FROM CASH SUPPORT SDN BHD ("VENDOR") FOR A CASH CONSIDERATION OF UP TO RM19,500,000 ("PURCHASE CONSIDERATION") ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 334,799,303 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF MQ TECH AND ITS SUBSIDIARIES ("MQ TECH GROUP") TO INCLUDE PROPERTY DEVELOPMENT AND PROPERTY INVESTMENT (COLLECTIVELY, THE "PROPERTY BUSINESS") ("PROPOSED DIVERSIFICATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 334,799,303 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
PROPOSED VARIATION OF UTILISATION OF PROCEEDS TO BE RAISED FROM THE SHARE ISSUANCE SCHEME OF UP TO 30% OF THE TOTAL NUMBER OF ISSUED SHARES IN MQ TECH ("MQ TECH SHARES") (EXCLUDING TREASURY SHARES, IF ANY) EFFECTED ON 30 NOVEMBER 2022 ("SIS") ("PROPOSED VARIATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 334,799,303 0
% of Voted Shares 100.0000 0.0000
Result Accepted

Remark
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