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The Board of Directors of Ni Hsin Resources Berhad ("the Company") is pleased to announce that all the resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company dated 13 October 2020 were duly passed by way of poll via remote participation and voting facilities at the EGM of the Company held on today, 18 November 2020.
The results of the poll were validated by Lawco Corporate Services Sdn. Bhd., the Independent Scrutineers appointed by the Company.
The results of the poll are set out below.
This announcement is dated 18 November 2020.
Voting Results
1. ORDINARY RESOLUTION 1
Description
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 960,100,350 REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") AT AN ISSUE PRICE OF RM0.01 PER RCPS ON THE BASIS OF 2 RCPS FOR EVERY 1 EXISTING ORDINARY SHARE IN NI HSIN HELD BY THE ENTITLED SHAREHOLDERS OF NI HSIN ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE OF RCPS")
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
30
2
No. of Shares
93,631,109
208
% of Voted Shares
99.9998
0.0002
Result
Accepted
2. ORDINARY RESOLUTION 2
Description
PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESSES OF NI HSIN AND ITS SUBSIDIARIES TO INCLUDE FOOD AND BEVERAGE BUSINESS
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
30
2
No. of Shares
93,631,109
208
% of Voted Shares
99.9998
0.0002
Result
Accepted
3. SPECIAL RESOLUTION
Description
PROPOSED AMENDMENTS TO THE CONSTITUTION OF NI HSIN TO FACILITATE THE CREATION OF THE RCPS PURSUANT TO THE PROPOSED RIGHTS ISSUE OF RCPS AND TO ENHANCE ADMINISTRATIVE EFFICIENCY