[KUCHAI] EGM on 07-May-2024

Announcement Date
12-Apr-2024
Reference No.
GMA-12042024-00002
Corporate Action ID
MY240412MEET0002
Type
EGM
Date & Time
07-May-2024 13:30
Depositor Date
29-Apr-2024
Venue
Lekir Hall, Ramada Meridin Johor Bahru, No. 5, Jalan Legoland, Bandar Medini Iskandar Malaysia 79250 Iskandar Puteri, Johor
Description
KUCHAI DEVELOPMENT BERHAD ("KDB" or the "Company") - Notice of Extraordinary General Meeting
KDB (Notice of EGM).pdf
Outcome

The Board of Directors of Kuchai Development Berhad ("the Company") is pleased to announce that all the resolutions set out in the notice of the Extraordinary General Meeting ("EGM") dated 15 April 2024 were duly passed at the EGMheld at Lekir Hall, Ramada Meridin Johor Bahru, No. 5, Jalan Legoland, Bandar Medini Iskandar Malaysia, 79250 Iskandar Puteri, Johor, Malaysiaon 7 May 2024.

All resolutions tabled at the EGM were voted by poll and results of the poll were validated by the appointed Independent Scrutineer,M/s Sky Corporate Services Sdn. Bhd. Please refer to the attachment for the poll results validated by the scrutineer.

Voting Results


1. SPECIAL RESOLUTION 1

Description
PROPOSED DISPOSAL OF SUBSTANTIALLY ALL THE ASSETS AND LIABILITIES IN KDB TO SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") AT A DISPOSAL CONSIDERATION OF UP TO RM275,470,203, TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF UP TO 27,519,500 NEW ORDINARY SHARES IN SG BAGAN ("SG BAGAN SHARE(S)") AT AN ISSUE PRICE OF RM10.01 PER SG BAGAN SHARE ("PROPOSED DISPOSAL")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 12
No. of Shares 10,874,626 854,268
% of Voted Shares 92.7166 7.2834
Result Accepted

2. SPECIAL RESOLUTION 2

Description
PROPOSED DISTRIBUTION OF UP TO 27,519,500 SG BAGAN SHARES HELD BY KDB ARISING FROM THE PROPOSED DISPOSAL TO ITS ENTITLED SHAREHOLDERS BY WAY OF A PROPOSED CAPITAL REDUCTION AND REPAYMENT AND PROPOSED DIVIDEND-IN-SPECIE AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED DISTRIBUTION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 10
No. of Shares 10,877,877 854,017
% of Voted Shares 92.7206 7.2794
Result Accepted

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