[GESHEN] EGM on 22-Oct-2024

Stock
[GESHEN]: GE-SHEN CORPORATION BHD
Announcement Date
04-Oct-2024
Reference No.
GMA-03102024-00004
Corporate Action ID
MY241003MEET0004
Type
EGM
Date & Time
22-Oct-2024 10:30
Depositor Date
15-Oct-2024
Venue
To be conducted on a fully virtual basis through live streaming and online remote voting using Remote Participation and Voting facilities provided by Agmo Digital Solutions Sdn Bhd via its Vote2U online platform at https://web.vote2u.my
Description
Ge-Shen Corporation Berhad ("Ge-Shen" or "the Company") - Notice of Extraordinary General Meeting ("EGM")
Ge-Shen - EGM Notice.pdf
Outcome

The Board of Directors of Ge-Shen Corporation Berhad ("GSCB") wishes to announce that the resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") dated 7 October 2024 were duly passed by the shareholders at the EGM held today.

The resolutions were voted by poll and the results of the poll were validated by Aegis Communication Sdn. Bhd., the Independent Scrutineer appointed by GSCB.

Details of the results of the polling in respect of the resolutions at the EGM are set out below.

This announcement is dated 22 October 2024.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ACQUISITION OF 400,000 ORDINARY SHARES IN LOCAL ASSEMBLY SDN BHD [200001032192 (534799-U)] ("LOCAL ASSEMBLY"), REPRESENTING 40.0% EQUITY INTEREST IN LOCAL ASSEMBLY FOR A CASH CONSIDERATION OF RM48.00 MILLION
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 0
No. of Shares 59,749,780 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF GE-SHEN TO INCLUDE THE BUSINESS OF ELECTRONIC MANUFACTURING SERVICES ("EMS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 0
No. of Shares 88,649,780 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
PROPOSED PRIVATE PLACEMENT OF UP TO 39,595,000 NEW GE-SHEN SHARES
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 2
No. of Shares 88,648,279 1,501
% of Voted Shares 99.9983 0.0017
Result Accepted

Remark
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