[HEXIND] EGM on 24-Jan-2025

Stock
[HEXIND]: HEXTAR INDUSTRIES BERHAD
Announcement Date
19-Dec-2024
Reference No.
GMA-19122024-00003
Corporate Action ID
MY241219MEET0003
Type
EGM
Date & Time
24-Jan-2025 10:00
Depositor Date
17-Jan-2025
Venue
Broadcast Venue at No. 64, Jalan Bayu Laut 4/KS09, Kota Bayuemas, 41200 Klang, Selangor
Description
HEXTAR INDUSTRIES BERHAD (“HIB” OR “THE COMPANY”) -Notice of Extraordinary General Meeting
HIB - Notice of EGM.pdf
Outcome

The Board of Directors of Hextar IndustriesBerhad ("Company") is pleased to announce that all the resolutions as prescribed in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 20 December 2024 wereduly passed by the shareholders of the Company by way of poll via remote participation and voting at the EGM of the Company.

The result of the poll werevalidated by Scrutineer SolutionsSdnBhd, the independent scrutineer appointed by the Company.

The details of the result of the poll are set out below.

This announcement is dated 24 January 2025.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED DISPOSAL BY SIN CHEE HENG SDN BHD (“SCH”), A WHOLLY-OWNED SUBSIDIARY OF HIB, OF A PARCEL OF LAND TOGETHER WITH THE BUILDINGS ERECTED THEREON HELD UNDER TITLE NO. HSM 13156, PT 23677, LOCATED IN THE MUKIM OF CHERAS, DISTRICT OF ULU LANGAT, STATE OF SELANGOR (“CHERAS PROPERTY”) TO PACIFIC TRUSTEES BERHAD (“PACIFIC TRUSTEES”), BEING THE TRUSTEE OF KIP REAL ESTATE INVESTMENT TRUST (“KIP REIT”), FOR A TOTAL CASH CONSIDERATION OF RM22.60 MILLION
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 10
No. of Shares 285,293,074 7,902
% of Voted Shares 99.9972 0.0028
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED DISPOSAL BY PK FERTILIZERS SDN BHD (“PKF”), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HIB, OF THE REMAINING UNEXPIRED PERIOD OF A LEASE CREATED OVER A PARCEL OF LAND TOGETHER WITH THE BUILDINGS ERECTED THEREON HELD UNDER TITLE NO. GRN 489953, LOT NO. 66247, LOCATED IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR (“PASIR GUDANG PROPERTY”) TO PACIFIC TRUSTEES BERHAD (“PACIFIC TRUSTEES”), BEING THE TRUSTEE OF KIP REAL ESTATE INVESTMENT TRUST (“KIP REIT”), FOR A TOTAL CASH CONSIDERATION OF RM23.30 MILLION
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 10
No. of Shares 285,293,074 7,902
% of Voted Shares 99.9972 0.0280
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
PROPOSED CREATION OF TENANCY OF THE CHERAS PROPERTY BY SCH FROM PACIFIC TRUSTEES
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 11
No. of Shares 285,288,074 12,902
% of Voted Shares 99.9955 0.0045
Result Accepted

4. ORDINARY RESOLUTION 4

Description 
PROPOSED CREATION OF TENANCY OF THE PASIR GUDANG PROPERTY BY PKF FROM PACIFIC TRUSTEES
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 11
No. of Shares 285,288,074 12,902
% of Voted Shares 99.9955 0.0045
Result Accepted

5. ORDINARY RESOLUTION 5

Description 
PROPOSED TENANCY WITH PACIFIC TRUSTEES FOR THE TENANCY OF A PARCEL OF LAND TOGETHER WITH THE BUILDINGS ERECTED THEREON HELD UNDER TITLE NO. LOT 3122 BLOCK 26, KEMENA LAND DISTRICT, TRN 09-LCLS-032-026-03122, LOCALITY OF JALAN KIDURONG, DIVISION OF BINTULU, STATE OF SARAWAK (“BINTULU PROPERTY”)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 10
No. of Shares 285,293,074 7,902
% of Voted Shares 99.9972 0.0028
Result Accepted

Remark
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Market Buzz

2025-01-24

Insider

DATO' ONG CHOO MENG (a substantial shareholder) disposed 16,432,700 shares on 23-Jan-2025.

2025-01-24

Meeting Outcome

Extraordinary General Meeting on 24-Jan-2025.

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