The Board of Directors of Pegasus Heights Berhad (“PHB” or “the Company”) is pleased to announce that the resolutions as set in the Notice of the Extraordinary General Meeting (“EGM”) dated 26December 2019 was duly passed by way of poll voting at the EGM of the Company held on 10 January 2020.
The results of the poll were validated by Quantegic Services Sdn Bhd,the Independent Scrutineer appointed by the Company. A copy of the poll result is attached for reference.
This announcement is dated 10 January 2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
PROPOSED ACQUISITION OF THE BUSINESS OF CHINPAKLOONG ARCHITECT ("CPLA") FROM CHIN PAK LOONG ("CPL"), FOR A PURCHASE CONSIDERATION OF RM16.0 MILLION, TO BE SATISFIED VIA THE ALLOTMENT AND ISSUANCE OF 2,807,017,543 NEW ORDINARY SHARES IN PHB ("PHB SHARES") ("CONSIDERATION SHARES") AT THE ISSUE PRICE OF RM0.0057 PER CONSIDERATION SHARE ("ISSUE PRICE") ("PROPOSED ACQUISITION") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 42 | 24 |
No. of Shares | 2,984,498,516 | 1,397,458,400 |
% of Voted Shares | 68.1088 | 31.8912 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
PROPOSED DIVERSIFICATION OF THE BUSINESS OF PHB AND ITS SUBSIDIARIES ("PHB GROUP") TO INCLUDE ARCHITECTURAL AND INTERIOR DESIGN BUSINESS ("PROPOSED DIVERSIFICATION") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 45 | 21 |
No. of Shares | 3,019,478,516 | 1,362,478,400 |
% of Voted Shares | 68.9071 | 31.0930 |
Result | Accepted | |