GENERAL MEETINGS: Outcome of Meeting
| CJ CENTURY LOGISTICS HOLDINGS BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 28 May 2020 |
| Time | 11:00 AM |
| Venue(s) |
The Conference Room, No. 12, Persiaran Astana/KU2, Bandar Bukit Raja, 41050 Klang, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | We refer to the announcements dated 12 February 2020, 19 February 2020, 13 March 2020 and 5 May 2020 in relation to the Proposals (“Announcements”) as well as the Circular to Shareholders dated 6 May 2020 in relation to the Proposals. Unless otherwise stated, all definitions and terms used herein shall have the same meanings as those set out in the Announcements and the Circular.
On behalf of the Board, CIMB wishes to announce that the non-interested shareholders of CJ Century have, at the EGM held today, approved the ordinary resolutions in relation to the Proposals as set out in the Notice of EGM dated 6 May 2020.
The voting in respect of the resolutions was carried out by way of poll, the results of which were validated by Tong & Associates, the independent scrutineer appointed by CJ Century.
Please refer to the attachment for the poll results.
This announcement is dated 28 May 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
Proposed acquisition of the entire issued share capital of CJ Korea Express Malaysia Sdn Bhd from CJ Logistics Asia Pte Ltd ("CJ Asia") for a purchase consideration of RM100,000,000 to be satisfied via the issuance of 200,000,000 new ordinary shares in CJ Century Logistics Holdings Berhad at the issue price of RM0.50 each ("Proposed Acquisition")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 28 | 5 |
| No. of Shares | 105,156,118 | 417,501 |
| % of Voted Shares | 99.6045 | 0.3955 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
Proposed exemption under subparagraph 4.08(1)(a) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions for CJ Asia, from the obligation to undertake a mandatory take-over offer to acquire the remaining ordinary shares in CJ Century Logistics Holdings Berhad not already owned by it upon completion of the Proposed Acquisition ("Proposed Exemption")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 28 | 5 |
| No. of Shares | 105,156,118 | 417,501 |
| % of Voted Shares | 99.6045 | 0.3955 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | CJ CENTURY LOGISTICS HOLDINGS BERHAD |
| Stock Name | CJCEN |
| Date Announced | 28 May 2020 |
| Category | General Meeting |
| Reference Number | GMA-28052020-00009 |
| Corporate Action ID | MY200528MEET0009 |