The Board of Chin Hin Group Property Berhad (“Company”) would like to announce that the shareholders of the Company had approved all the resolutions as set out in the Notice of Extraordinary General Meeting (“EGM”) dated 8 November 2024 at the EGM of the Company held on 27 November 2024.
All the resolutions werepassed by way of polland the results of the poll werevalidated by Aegis Communication Sdn Bhd, the independent scrutineer appointed by the Company.
The details of the results of the poll are set out below.
This announcement is dated 27 November 2024.
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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Description |
PROPOSED DISPOSAL OF 2 ORDINARY SHARES IN CHIN HIN CONSTRUCTION ENGINEERING SDN BHD ("CHCE"), REPRESENTING THE ENTIRE EQUITY INTEREST IN CHCE, TO CHIN HIN GROUP BERHAD ("CHIN HIN") FOR A CASH CONSIDERATION OF RM16.50 MILLION ("PROPOSED CHCE DISPOSAL") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 44 | 2 |
No. of Shares | 98,419,328 | 7 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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Description |
PROPOSED DISPOSAL OF 9,500,000 ORDINARY SHARES IN KAYANGAN KEMAS SDN BHD ("KAYANGAN"), REPRESENTING 95% EQUITY INTEREST IN KAYANGAN, TO CHIN HIN GROUP BERHAD ("CHIN HIN") FOR A CASH CONSIDERATION OF RM93.50 MILLION ("PROPOSED KAYANGAN DISPOSAL") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 44 | 2 |
No. of Shares | 98,419,328 | 7 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |
3. ORDINARY RESOLUTION 3 |
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Description |
PROPOSED PRIVATE PLACEMENT OF UP TO 132,000,000 NEW ORDINARY SHARES IN THE COMPANY ("SHARES" OR "CHGP SHARES"), REPRESENTING NOT MORE THAN 20% OF THE ISSUED SHARES IN THE COMPANY (EXCLUDING TREASURY SHARES) ("PROPOSED PRIVATE PLACEMENT") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 46 | 6 |
No. of Shares | 529,038,678 | 192 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |