• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


GENERAL MEETINGS: Outcome of Meeting

KUCHAI DEVELOPMENT BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 07 May 2024
Time 01:30 PM

Venue(s)
Lekir Hall, Ramada Meridin Johor Bahru,

No. 5, Jalan Legoland,

Bandar Medini Iskandar Malaysia

79250 Iskandar Puteri, Johor

Malaysia

Outcome of Meeting

The Board of Directors of Kuchai Development Berhad ("the Company") is pleased to announce that all the resolutions set out in the notice of the Extraordinary General Meeting ("EGM") dated 15 April 2024 were duly passed at the EGM held at Lekir Hall, Ramada Meridin Johor Bahru, No. 5, Jalan Legoland, Bandar Medini Iskandar Malaysia, 79250 Iskandar Puteri, Johor, Malaysia on 7 May 2024.

All resolutions tabled at the EGM were voted by poll and results of the poll were validated by the appointed Independent Scrutineer, M/s Sky Corporate Services Sdn. Bhd.  Please refer to the attachment for the poll results validated by the scrutineer.


Voting Results


1. SPECIAL RESOLUTION 1

Description
PROPOSED DISPOSAL OF SUBSTANTIALLY ALL THE ASSETS AND LIABILITIES IN KDB TO SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") AT A DISPOSAL CONSIDERATION OF UP TO RM275,470,203, TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF UP TO 27,519,500 NEW ORDINARY SHARES IN SG BAGAN ("SG BAGAN SHARE(S)") AT AN ISSUE PRICE OF RM10.01 PER SG BAGAN SHARE ("PROPOSED DISPOSAL")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 12
No. of Shares 10,874,626 854,268
% of Voted Shares 92.7166 7.2834
Result Accepted

2. SPECIAL RESOLUTION 2

Description
PROPOSED DISTRIBUTION OF UP TO 27,519,500 SG BAGAN SHARES HELD BY KDB ARISING FROM THE PROPOSED DISPOSAL TO ITS ENTITLED SHAREHOLDERS BY WAY OF A PROPOSED CAPITAL REDUCTION AND REPAYMENT AND PROPOSED DIVIDEND-IN-SPECIE AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED DISTRIBUTION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 10
No. of Shares 10,877,877 854,017
% of Voted Shares 92.7206 7.2794
Result Accepted



Please refer attachment below.

Attachments

KUCHAI-EGM Poll Result.pdf
21.7 kB




Announcement Info

Company Name KUCHAI DEVELOPMENT BERHAD
Stock Name KUCHAI
Date Announced 07 May 2024
Category General Meeting
Reference Number GMA-07052024-00005
Corporate Action ID MY240507MEET0005



Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X