[SUNZEN] EGM on 20-Sep-2024

Stock
[SUNZEN]: SUNZEN GROUP BERHAD
Announcement Date
04-Sep-2024
Reference No.
GMA-03092024-00002
Corporate Action ID
MY240903MEET0002
Type
EGM
Date & Time
20-Sep-2024 11:00
Depositor Date
12-Sep-2024
Venue
Kota Permai Golf & Country Club, Danau 3 No. 1, Jalan 31/100A, Kota Kemuning, Section 31 40460 Shah Alam Selangor Darul Ehsan
Description
Extraordinary General Meeting
Notice of EGM.pdf
Outcome

The Board of Directors of Sunzen Biotech Berhad (“the Company”) is pleased to announce that all the resolutions as set out in the Notice of the Extraordinary General Meeting (“EGM”) of the Company dated 5 September 2024 were duly passed as Ordinary Resolutions by way of a poll at the EGM of the Company held on Friday, 20September 2024 at 11:00 a.m.


The results of the poll which were validated by TMF Global Services (Malaysia) Sdn. Bhd., the Independent Scrutineer appointed by the Company, are set out below.


This announcement is dated 20 September 2024.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ACQUISITION BY SUNZEN OF 2,250,000 ORDINARY SHARES IN ECOLITE BIOTECH MANUFACTURING SDN BHD ("ECOLITE") ("ECOLITE SALE SHARES"), REPRESENTING THE REMAINING 30% EQUITY INTEREST, FROM KOH LEE FONG, LIM WEE CHUN, FAM JIAN YAP AND G FIVE HOLDINGS LTD (COLLECTIVELY, THE "ECOLITE VENDORS") FOR A PURCHASE CONSIDERATION OF RM15.00 MILLION TO BE SATISFIED ENTIRELY BY THE ISSUANCE AND ALLOTMENT OF 50,847,457 NEW ORDINARY SHARES IN SUNZEN ("ECOLITE CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM0.295 PER ORDINARY SHARE IN SUNZEN ("SUNZEN SHARE") ("PROPOSED ACQUISITION 1")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 52 3
No. of Shares 138,455,144 250
% of Voted Shares 99.9998 0.0002
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED ACQUISITION BY SUNZEN OF 150,000 ORDINARY SHARES IN YANMING RESOURCES SDN BHD ("YANMING") ("YANMING SALE SHARES"), A 70%-OWNED SUBSIDIARY OF ECOLITE BIOTECH MANUFACTURING SDN BHD, REPRESENTING THE REMAINING 30% EQUITY INTEREST IN YANMING, FROM LIM POH CHUW, FAM JIAN YAP, CAI HEGUI AND CHUA HUAI GEN (COLLECTIVELY, THE "YANMING VENDORS") FOR A PURCHASE CONSIDERATION OF RM4.50 MILLION TO BE SATISFIED ENTIRELY BY THE ISSUANCE AND ALLOTMENT OF 15,254,237 NEW SUNZEN SHARES ("YANMING CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM0.295 PER SUNZEN SHARE ("PROPOSED ACQUISITION 2")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 52 3
No. of Shares 138,455,144 250
% of Voted Shares 99.9998 0.0002
Result Accepted

Remark
-
Market Buzz

2025-01-10

Additional Listing

Share Issuance Scheme - 636,000 shares.

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