[CHINHIN] EGM on 29-Mar-2024

Stock
[CHINHIN]: CHIN HIN GROUP BERHAD
Announcement Date
13-Mar-2024
Reference No.
GMA-13032024-00002
Corporate Action ID
MY240313MEET0002
Type
EGM
Date & Time
29-Mar-2024 10:00
Depositor Date
22-Mar-2024
Venue
Live streaming and online remote voting using Remote Participation and Electronic Voting facilities via the online meeting platform at https://web.vote2u.my (Domain Registration No. with MYNIC: D6A471702)
Description
Notice of Extraordinary General Meeting ("EGM") The EGM will be conducted on a virtual basis from the Broadcast Venue. Kindly refer to the Administrative Guide on the registration and voting process for the said meeting.
Chin Hin - Notice of EGM_Admin Guide_Proxy Form.pdf
Outcome

The Board of Directors of Chin Hin Group Berhad ("Chin Hin" or "the Company") is pleased to announce that the all the resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") dated 14 March 2024 werepassed by the shareholders of the Company voted by poll using remote participation and voting (“RPV”)facilities operated by Agmo Digital Solutions Sdn. Bhd. in Malaysia via Vote2U Online website at the EGM held on 29 March 2024.

The results of the poll were validated by Aegis Communication Sdn. Bhd., an independent Scrutineer appointed by the Company.

This announcement is dated 29 March 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the Proposed Acquisition by Chin Hin Group Berhad ("Chin Hin") of 30,291,700 Ordinary Shares in Signature International Berhad ("SIB") ("SIB Share(s)), Representing an Equity Interest of Approximately 4.77% in SIB for a Total Cash Consideration of RM25,445,028 or RM0.84 Per SIB Share ("Proposed Acquisition") and the Resultant Proposed Mandatory General Offer to Acquire All the Remaining SIB Shares Not Already Owned by Chin Hin After the Proposed Acquisition at an Offer Price of RM0.84 Per SIB Share ("Proposed Offer")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 52 3
No. of Shares 336,243,600 9
% of Voted Shares 99.9999 0.0001
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the Proposed Bonus Issue of 1,770,163,992 New Ordinary Shares in Chin Hin ("Chin Hin Share(s)" or "Bonus Share(s)") on the Basis of One (1) Bonus Share for Every One (1) Existing Chin Hin Share (Including Treasury Shares) Held by the Shareholders of Chin Hin Whose Names Appear in the Record of Depositors of Chin Hin on an Entitlement Date to be Determined and Announced Later ("Proposed Bonus Issue")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 69 0
No. of Shares 1,282,079,909 0
% of Voted Shares 100.0000 0.0000
Result Accepted

Remark
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