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PT 13796, Jalan Tekno Usahawan 2
Technology Park Malaysia
57000 Kuala Lumpur
Outcome of Meeting
The Board of Directors of Solution Group Berhad (formerly known as Solution Engineering Holdings Berhad) (“the Company”) wishes to announce that all resolutions set out in the Notice of Extraordinary General Meeting ("EGM") dated 6 December 2019 had been tabled at the EGM held on 21 December 2019.
The results of the poll were validated by Asia Securities Sdn Berhad, the Independent Scrutineers.
The voting results are shown below.
This announcement is dated 21 December 2019.
Voting Results
1. ORDINARY RESOLUTION 1
Description
PROPOSED ACQUISITION OF A PIECE OF FREEHOLD LAND MEASURING APPROXIMATELY 6.82 ACRES WHICH FORMS PART OF THE LAND HELD UNDER GRN 582919, LOT 165091, MUKIM PULAI, DAERAH JOHOR BAHRU, JOHOR DARUL TAKZIM UPON WHICH IS ERECTED WITH A PARTIALLY COMPLETED BIO-CHEMICAL PROCESSING PLANT FOR A CASH CONSIDERATION OF RM18.00 MILLION (PROPOSED LAND ACQUISITION)
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
11
17
No. of Shares
881,235
42,904,573
% of Voted Shares
2.0130
97.9870
Result
Rejected
2. ORDINARY RESOLUTION 2
Description
PROPOSED ACQUISITION OF MACHINERY AND EQUIPMENT FOR A CASH CONSIDERATION OF RM7.00 MILLION (PROPOSED MACHINERY ACQUISITION)
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
11
17
No. of Shares
881,235
42,904,573
% of Voted Shares
2.0130
97.9870
Result
Rejected
3. ORDINARY RESOLUTION 3
Description
PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESSES OF SGB AND ITS SUBSIDIARIES (SGB GROUP or GROUP) TO INCLUDE THE PRODUCTION OF LACTIC ACID (PROPOSED DIVERSIFICATION)