[CHGP] EGM on 27-Nov-2024

Stock
[CHGP]: CHIN HIN GROUP PROPERTY BERHAD
Announcement Date
07-Nov-2024
Reference No.
GMA-05112024-00001
Corporate Action ID
MY241105MEET0001
Type
EGM
Date & Time
27-Nov-2024 09:00
Depositor Date
18-Nov-2024
Venue
Broadcast Venue at Chin Hin Culture Centre No. F-0-1 and F-0-2, Pusat Perdagangan Kuchai No. 2, Jalan 1/127, Off Jalan Kuchai Lama 58200 Kuala Lumpur
Description
Notice of Extraordinary General Meeting ("EGM") The EGM of the Company will be held and conducted by way of virtual meeting entirely through live streaming via Remote Participation and Voting ("RPV") Facilities
CHGP - Notice of EGM and Administrative Guide.pdf
Outcome

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

1. ORDINARY RESOLUTION 1

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")
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

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")
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

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")
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

Remark
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