[KSSC] EGM on 11-Jun-2024

Stock
[KSSC]: K. SENG SENG CORPORATION BHD
Announcement Date
27-May-2024
Reference No.
GMA-27052024-00015
Corporate Action ID
MY240527MEET0014
Type
EGM
Date & Time
11-Jun-2024 10:00
Depositor Date
04-Jun-2024
Venue
Live streaming and online remote voting using Remote Participation and Voting (RPV) facilities provided by Vote2U via online at https://web.vote2u.my (Domain registration number with MYNIC D6A471702)
Description
Extraordinary General Meeting
KSSC - EGM notice 28 May 2024.pdf
Outcome

The Board of Directors of K. Seng Seng Corporation Berhad (“the Company”) is pleased to announce that all theresolutionsas set out in the Notice of Extraordinary General Meeting ("EGM") dated 28 May 2024 were duly passed at the EGM held earlier today.

The resolutions were decided by way of poll voting. The results of the poll were validated by Aegis Communication Sdn. Bhd., the Independent Scrutineers appointed by the Company.

This announcement is dated 11 June 2024.

Voting Results

1. Ordinary resolution 1

Description 
Proposed acquisition of 1,104,000 ordinary shares in Metalmach Micro Technology Sdn Bhd ("Metalmach"), representing 40% equiity interest in Metalmach for a cash consideration of RM14.00 million ("Proposed Acquisition")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 3
No. of Shares 75,485,688 107
% of Voted Shares 99.9999 0.0001
Result Accepted

2. Ordinary resolution 2

Description 
Proposed diversification of the existing business of KSSC to include the manufacturing of high precision metal products ("Proposed Diversification")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 3
No. of Shares 75,485,688 107
% of Voted Shares 99.9999 0.0001
Result Accepted

3. Ordinary resolution 3

Description 
Proposed private placement of up to 55,739,900 new ordinary shares in KSSC, representing not more than 30% of the issued ordinary shares of KSSC (assuming full exercise of its outstanding warrants) ("Proposed Private Placement")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 3
No. of Shares 75,485,688 107
% of Voted Shares 99.9999 0.0001
Result Accepted

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