[PARAGON] EGM on 30-Oct-2024

Stock
[PARAGON]: PARAGON UNION BHD
Announcement Date
14-Oct-2024
Reference No.
GMA-14102024-00003
Corporate Action ID
MY241014MEET0003
Type
EGM
Date & Time
30-Oct-2024 15:30
Depositor Date
23-Oct-2024
Venue
Broadcast Venue at Board Room, Lot 14, Jalan CJ 1/1, Kawasan Perindustrian Cheras Jaya, Batu 11, 43200 Cheras, Selangor Darul Ehsan
Description
PARAGON UNION BERHAD ("PUB" OR "THE COMPANY") - Notice of Extraordinary General Meeting
PUB - Notice of EGM.pdf
Outcome

The Board of Directors of Paragon Union Berhad ("PUB" or the "Company") wishes to announce that the shareholders of the Company had approved the resolutionas prescribed in the Notice of Extraordinary General Meeting ("EGM") dated 15October2024at the EGM of the Company held on 30October2024.

The resolutionwaspassed by way of poll and the resultof the poll wasvalidated by CSC Securities Services Sdn. Bhd., the independent scrutineer appointed by the Company.

This announcement is dated 30October2024.

Voting Results

1. ORDINARY RESOLUTION

Description 
PROPOSED ACQUISITION OF 51% EQUITY INTEREST IN METAHUB INDUSTRIES SDN BHD BY PARAGON METAL SDN BHD, A WHOLLY OWNED SUBSIDIARY OF PUB, FOR A PURCHASE CONSIDERATION OF RM51.00 MILLION, TO BE SATISFIED WHOLLY VIA THE ISSUANCE OF 17,288,136 NEW ORDINARY SHARES IN PUB
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 2
No. of Shares 13,835,390 1,002
% of Voted Shares 99.9928 0.0072
Result Accepted

Remark
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