[IQZAN] EGM on 05-Jul-2024

Stock
[IQZAN]: IQZAN HOLDING BERHAD
Announcement Date
12-Jun-2024
Reference No.
GMA-11062024-00022
Corporate Action ID
MY240611MEET0021
Type
EGM
Date & Time
05-Jul-2024 11:00
Depositor Date
28-Jun-2024
Venue
Pinnacle 3 (Level M1) The Vertical, Connexion Conference & Event Centre Bangsar South City, No. 8, Jalan Kerinchi 59200 Kuala Lumpur
Description
Notice of Extraordinary General Meeting
IQZAN - Notice of EGM.pdf
Outcome

The Board of Directors of IQZAN is pleased to announce that the resolution set out in the Notice of the Extraordinary General Meeting (“EGM”) of the Company dated 13 June 2024was duly passed as Ordinary Resolution by way of a poll at the EGM of the Company held on Friday, 5 July 2024 at 11.00 a.m.

The result of the poll which was validated by the representative from Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company, is set out below:-

Voting Results

1. ORDINARY RESOLUTION

Description 
PROPOSED DISPOSAL BY IQZAN HOLDING BERHAD OF 6,320,970 ORDINARY SHARES, REPRESENTING 51.39% EQUITY INTEREST IN ITS WHOLLY-OWNED SUBSIDIARY, ZOOMIC TECHNOLOGY (M) SDN. BHD. ("ZOOMIC") TO SETTLE THE AMOUNT OWING TO DIGITAL MIRACLES SDN. BHD. ("DIGITAL MIRACLES") AND MILLION SAINT CONSULTANCY SDN. BHD. ("MILLION SAINT") IN THE FOLLOWING MANNER:-

(I)	2,106,990 ORDINARY SHARES IN ZOOMIC, REPRESENTING 17.13% EQUITY INTEREST IN ZOOMIC, TO DIGITAL MIRACLES FOR A DISPOSAL CONSIDERATION OF RM1.20 MILLION; AND

(II)	4,213,980 ORDINARY SHARES IN ZOOMIC, REPRESENTING 34.26% EQUITY INTEREST IN ZOOMIC, TO MILLION SAINT FOR A DISPOSAL CONSIDERATION OF RM2.40 MILLION
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 1
No. of Shares 65,724,517 19,400
% of Voted Shares 99.9705 0.0295
Result Accepted

Remark
-
Market Buzz

2024-07-05

Meeting Outcome

Extraordinary General Meeting on 05-Jul-2024.

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