IDEAL

3.300

(%)

GENERAL MEETINGS: Outcome of Meeting

IDEAL UNITED BINTANG INTERNATIONAL BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 31 Dec 2019
Time 01:10 PM

Venue(s) 
Room 1, Level 1
Vistana Hotel, 213 Jalan Bukit Gambir 
11950 Bukit Jambul, Pulau Pinang
Outcome of Meeting

THE BOARD OF DIRECTORS OF IDEAL UNITED BINTANG INTERNATIONAL BERHAD WISHES TO ANNOUNCE THAT ALL THE RESOLUTIONS AS SET OUT IN THE NOTICE OF EXTRAORDINARY GENERAL MEETING ('EGM') DATED 6 DECEMBER 2019 WERE DULY PASSED AT THE EGM OF THE COMPANY HELD ON 31 DECEMBER 2019 BY WAY OF POLL VOTING.

THE RESULTS OF THE POLL WERE VALIDATED BY INTERESOURCES SECRETARIAL SERVICES SDN. BHD., THE INDEPENDENT SCRUTINEERS APPOINTED BY THE COMPANY. THE RESULTS OF THE POLL OF THE EGM IS ATTACHED HEREWITH. 

Voting Results

1. Ordinary Resolution 1

Description 
ACQUISITION BY I HOMES PROPERTIES SDN BHD, A SUBSIDIARY OF IUBI (I HOMES OR PURCHASER) FROM 1ST AVENUE MALL SDN BHD (1AMSB OR THE VENDOR) OF THE LEASEHOLD LAND HELD UNDER PAJAKAN NEGERI 3268, LOT 386 SEKSYEN 17, BANDAR GEORGE TOWN, DAERAH TIMOR LAUT, NEGERI PULAU PINANG, ON WHICH IS ERECTED THE 11-STOREY COMMERCIAL BUILDING CONSISTING OF A 7-LEVEL SHOPPING MALL, 3-LEVEL CAR PARK AND 1-LEVEL SERVICE ROOM KNOWN AS 1ST AVENUE AND BEARING THE POSTAL ADDRESS 182, JALAN MAGAZINE, 10300 GEORGETOWN, PULAU PINANG TOGETHER WITH ALL ON SITE FITTINGS, MACHINERY, EQUIPMENT AND FIXTURES, AS WELL AS ALL EXISTING TENANCIES (1ST AVENUE OR PROPERTY) FOR A CASH CONSIDERATION OF RM153,000,000
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 24 0
No. of Shares 396,903,025 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
DIVERSIFICATION OF COMPANY'S BUSINESS TO INCLUDE PROPERTY INVESTMENT HOLDING
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 1
No. of Shares 396,901,625 1,400
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Special Resolution

Description 
 ADOPTION OF NEW CONSTITUTION OF THE COMPANY
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 24 0
No. of Shares 396,903,025 0
% of Voted Shares 100.0000 0.0000
Result Accepted



Please refer attachment below.

Attachments

Voting Result_EGM_31.12.2019.pdf
167.6 kB



Announcement Info

Company Name IDEAL UNITED BINTANG INTERNATIONAL BERHAD
Stock Name IDEAL
Date Announced 31 Dec 2019
Category General Meeting
Reference Number GMA-30122019-00015
Corporate Action ID MY191230MEET0015


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