Newsroom
General Meetings: Outcome Of Meeting
BackAug 30, 2022
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 30 Aug 2022 |
| Time | 11:30 AM |
| Venue(s) |
4th Floor, C-21, Jalan Medan Selayang 1, Medan Selayang, 68100 Batu Caves, Selangor, Malaysia |
| Outcome of Meeting |
The Board of Directors of Hua Yang Berhad ("the Company") is pleased to announce that all the resolutions as prescribed in the notice convening the Extraordinary General Meeting ("EGM") of the Company dated 12 August 2022 were duly passed by way of poll at the EGM of the Company held at 4th Floor, C-21 Jalan Medan Selayang 1, Medan Selayang, 68100 Batu Caves, Selangor on Tuesday, 30 August 2022.
The results of the poll which were validated by Ms Lim Ge Ru, the representative from TGS TW PLT, the Independent Scrutineer appointed by the Company, are as set out below:- |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 88,000,000 NEW ORDINARY SHARES IN HYB ("HYB SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 4 EXISTING HYB SHARES HELD, TOGETHER WITH UP TO 88,000,000 FREE DETACHABLE WARRANTS IN HYB ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR AT AN ISSUE PRICE AND ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS") |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 23 | 1 |
| No. of Shares | 21,327,545 | 163,400 |
| % of Voted Shares | 99.2397 | 0.7603 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(B) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("RULES") TO HENG HOLDINGS SDN BHD ("HHSB") AND PERSONS ACTING IN CONCERT WITH IT ("PACS"), FROM THE OBLIGATION TO UNDERTAKE A MANDATORY OFFER FOR THE REMAINING HYB SHARES AND WARRANTS NOT ALREADY OWNED BY THEM PURSUANT TO THE PROPOSED RIGHTS ISSUE WITH WARRANTS ("PROPOSED EXEMPTION") |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 22 | 2 |
| No. of Shares | 21,323,212 | 167,733 |
| % of Voted Shares | 99.2195 | 0.7805 |
| Result | Accepted | |
Announcement Info
| Company Name | HUA YANG BERHAD |
| Stock Name | HUAYANG |
| Date Announced | 30 Aug 2022 |
| Category | General Meeting |
| Reference Number | GMA-29082022-00031 |
| Corporate Action ID | MY220829MEET0030 |