GENERAL MEETINGS: Outcome of Meeting
| PERAK CORPORATION BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 27 Feb 2026 |
| Time | 10:00 AM |
| Venue(s) |
Casuarina Convention Centre 1 Hotel Casuarina @ Meru No. 1-C, Jalan Meru Casuarina Bandar Meru Raya, 30020 Ipoh, Perak Malaysia |
| Outcome of Meeting | On behalf of Perak Corporation Berhad (“Company”), we are pleased to announce that the resolutions as set out in the Notice of the Extraordinary General Meeting (“EGM”) dated 5 February 2026 were duly passed by the shareholders of the Company by way of poll at the EGM held on 27 February 2026. The result of the poll was validated by by Scrutineer Solutions Sdn Bhd, the independent scrutineers appointed by the Company. The detailed results of the poll are set out in the table of "Voting Results" below. This announcement is dated 27 February 2026. |
Voting Results |
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1. Special Resolution 1 |
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| Description |
PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF PERAK CORPORATION BERHAD ("PERAK CORP" OR THE "COMPANY") PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SHARE CAPITAL REDUCTION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 0 |
| No. of Shares | 55,822,525 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Special Resolution 2 |
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| Description |
PROPOSED AMENDMENTS TO THE CONSTITUTION OF PERAK CORP TO FACILITATE THE PROPOSED ISSUANCE OF REDEEMABLE PREFERENCE SHARES SERIES B ("RPS-B") ("PROPOSED AMENDMENTS I")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 0 |
| No. of Shares | 55,822,525 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Special Resolution 3 |
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| Description |
PROPOSED AMENDMENTS TO THE CONSTITUTION OF PERAK CORP TO FACILITATE THE REVISIONS OF THE REDEMPTION DATE OF REDEEMABLE PREFERENCE SHARES SERIES A1 ("RPS-A1") AND REDEEMABLE PREFERENCE SHARES SERIES A2 ("RPS-A2"), REVISIONS OF THE CUMULATIVE COMPOUNDED GROSS PREFERENTIAL DIVIDEND RATE OF RPS-A1 AND RPS-A2 AS WELL AS THE SUBSTITUTION OF THE SECURITY DOCUMENTS PROVIDED UNDER THE SUPPLEMENTAL AGREEMENT DATED 11 SEPTEMBER 2023 TO THE DEBT SETTLEMENT AGREEMENT ENTERED INTO BETWEEN PERAK CORP AND CIMB BANK BERHAD ("CIMB") DATED 8 NOVEMBER 2021 TO SECURE THE ISSUANCE OF 20,900,309 RPS-A1 TO CIMB ("PROPOSED AMENDMENTS II")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 0 |
| No. of Shares | 55,822,525 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Ordinary Resolution 1 |
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| Description |
PROPOSED JOINT VENTURE BETWEEN PERAK CORP AND PERBADANAN KEMAJUAN NEGERI PERAK ("PKNP"), A MAJOR SHAREHOLDER OF THE COMPANY, TO JOINTLY CARRY OUT THE DEVELOPMENT OF THE SILVER VALLEY TECHNOLOGY PARK INDUSTRIAL HUB, SALE OF INDUSTRIAL PLOTS AND OTHER PRODUCT OFFERINGS TO END PURCHASERS AND END USERS ON THIRTY-NINE PIECES OF PKNP'S LEASEHOLD LANDS MEASURING 746.73 ACRES ("PROPOSED JOINT DEVELOPMENT")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 15 | 0 |
| No. of Shares | 2,924,122 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Ordinary Resolution 2 |
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| Description |
PROPOSED DISPOSAL OF TWO PARCELS OF LEASEHOLD LANDS, HELD UNDER PN394964, LOT 20570 AND PN394965, LOT 20571, BOTH LOCATED AT MUKIM HULU BERNAM TIMOR, DAERAH MUALLIM, NEGERI PERAK ("PARCEL 1 LANDS"), TO MAKMUR IMPIAN PROPERTY SDN BHD ("MIP") FOR A TOTAL CASH CONSIDERATION OF RM21.13 MILLION ("PROPOSED DISPOSAL OF PARCEL 1 LANDS")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 0 |
| No. of Shares | 55,822,525 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Ordinary Resolution 3 |
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| Description |
PROPOSED DISPOSAL OF A PARCEL OF LEASEHOLD LAND, HELD UNDER PN394961, LOT 20402, LOCATED AT MUKIM HULU BERNAM TIMOR, DAERAH MUALLIM, NEGERI PERAK ("PARCEL 2 LAND"), TO TG MALIM HI-TECH PARK SDN BHD (FORMERLY KNOWN AS ARX-YSC SDN BHD) ("TMHTP") FOR A TOTAL CASH CONSIDERATION OF RM49.50 MILLION ("PROPOSED DISPOSAL OF PARCEL 2 LAND")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 0 |
| No. of Shares | 55,822,525 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Ordinary Resolution 4 |
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| Description |
PROPOSED DISPOSAL OF A PARCEL OF LEASEHOLD LAND, HELD UNDER PN394962, LOT 20403, LOCATED AT MUKIM HULU BERNAM TIMOR, DAERAH MUALLIM, NEGERI PERAK ("PARCEL 3 LAND"), TO TMHTP FOR A TOTAL CASH CONSIDERATION OF RM18.94 MILLION ("PROPOSED DISPOSAL OF PARCEL 3 LAND")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 0 |
| No. of Shares | 55,822,525 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Ordinary Resolution 5 |
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| Description |
PROPOSED DISPOSAL OF THREE PIECES OF LANDS LOCATED AT WILAYAH BATU UNDAN, MUKIM LUMUT, DISTRICT OF MANJUNG ("HINTERLAND") TO LUMUT MARITIME TERMINAL SDN BHD ("LMTSB") FOR A TOTAL CASH CONSIDERATION OF RM8.53 MILLION ("PROPOSED DISPOSAL OF HINTERLAND")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 15 | 0 |
| No. of Shares | 2,924,122 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
9. Ordinary Resolution 6 |
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| Description |
PROPOSED DISPOSAL VIA SETTLEMENT OF THE COMPANY'S ENTITLEMENT PURSUANT TO THE JOINT VENTURE AGREEMENT ENTERED INTO WITH PKNP AND UNI-POH CONSTRUCTION WORKS SDN BHD ("UNIPOH") FOR A PARCEL OF STATE LAND LOCATED AT MUKIM HULU KINTA, DAERAH KINTA, NEGERI PERAK FOR A TOTAL CASH CONSIDERATION OF RM40.38 MILLION ("PROPOSED DISPOSAL OF ZONE 1 BANDAR MERU RAYA")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 15 | 0 |
| No. of Shares | 2,924,122 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
10. Ordinary Resolution 7 |
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| Description |
PROPOSED ISSUANCE OF RPS-B FOR THE SETTLEMENT OF THE OUTSTANDING LIABILITIES AND DEBT OBLIGATIONS OWING TO SCHEME CREDITORS AMOUNTING TO RM39.73 MILLION PURSUANT TO THE SCHEME OF ARRANGEMENT UNDER SECTION 366 AND OTHER PROVISIONS OF THE COMPANIES ACT, 2016 BETWEEN PERAK CORP, PCB DEVELOPMENT SDN BHD AND ITS SCHEME CREDITORS ("PROPOSED ISSUANCE OF RPS-B")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 0 |
| No. of Shares | 55,822,525 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | PERAK CORPORATION BERHAD |
| Stock Name | PRKCORP |
| Date Announced | 27 Feb 2026 |
| Category | General Meeting |
| Reference Number | GMA-26022026-00002 |
| Corporate Action ID | MY260226MEET0002 |