The Board of Directors of Star Media Group Berhad("the Company") wishes to announce that the ordinary resolution set out in the Notice of the ExtraordinaryGeneral Meeting ("EGM") dated 16 May2023 wasnot carried at the EGM of the Company held today.
Details of the poll results validated byCoopersProfessional ScrutineersSdn. Bhd., theIndependent Scrutineer appointed by the Company are provided in the attachment and outlined below.
This announcement is dated 31May 2023.
Voting Results |
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1. Ordinary Resolution |
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Description |
PROPOSED DISPOSAL OF TWO (2) UNITS OF DOUBLE STOREY SEMI- DETACHED FACTORY AND WAREHOUSE ANNEXED WITH A ONE-AND-A-HALF (1½)-STOREY OFFICE BUILDING AND OTHER ANCILLARY BUILDINGS TO BE ERECTED ON PART OF THE LAND BY SMG LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, TO MATANG BERHAD AT THE AGGREGATE DISPOSAL CONSIDERATION OF RM33,000,000.00 TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT AND VIA ISSUANCE OF 357,000,000 NEW ORDINARY SHARES OF MATANG BERHAD |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 109 | 93 |
No. of Shares | 11,107,872 | 49,706,429 |
% of Voted Shares | 18.2652 | 81.7348 |
Result | Rejected | |