GENERAL MEETINGS: Outcome of Meeting
| TA WIN HOLDINGS BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 23 Feb 2021 |
| Time | 10:00 AM |
| Venue(s) |
Broadcast venue - Ta Win Holdings Berhad Unit 26-11 & 26-12, Level 26, Q Sentral Jalan Stesen Sentral 2 50470 Kuala Lumpur, Wilayah Persekutuan Malaysia |
| Outcome of Meeting | The Board of Directors of Ta Win Holdings Berhad (“Ta Win" or the "Company") is pleased to announce that at the Extraordinary General Meeting (“EGM”) of the Company held on 23 February 2021, all the resolutions as set out in the Notice of the EGM dated 5 February 2021, were duly passed by the shareholders of the Company.
The voting in respect of the resolutions were carried out by way of a poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. The details of the said results of the poll are set out below.
This announcement is dated 23 February 2021. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
Proposed acquisition of 1,747,581 existing ordinary shares in Sin Line Tek Electronic Co. Sdn Bhd ("Sin Line Tek"), representing approximately 30.0% of the enlarged issued share capital of Sin Line Tek after the completion of the Proposed Acquisition and Proposed Subscription (as defined herein) (collectively, "Proposed Investment") (approximately 38.0% of the existing issued share capital of Sin Line Tek) for a purchase consideration of approximately RM12.2 million, to be satisfied via a combination of new ordinary shares in Ta Win ("Ta Win Shares") and cash ("Proposed Acquisition")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 36 | 2 |
| No. of Shares | 122,511,597 | 9,000 |
| % of Voted Shares | 99.9927 | 0.0073 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
Proposed subscription of 1,221,264 new ordinary shares in Sin Line Tek, representing approximately 21.0% of the enlarged issued share capital of Sin Line Tek after the completion of the Proposed Investment for a total cash amount of RM8.5 million ("Proposed Subscription")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 36 | 2 |
| No. of Shares | 122,511,597 | 9,000 |
| % of Voted Shares | 99.9927 | 0.0073 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
Proposed renounceable rights issue of up to 3,106,101,171 Ta Win Shares ("Rights Shares") at an issue price of RM0.06 per Rights Share on the basis of 3 Rights Shares for every 1 existing Ta Win Share held on the entitlement date ("Proposed Rights Issue")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 36 | 2 |
| No. of Shares | 122,511,597 | 9,000 |
| % of Voted Shares | 99.9927 | 0.0073 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
Proposed share buy-back authority for Ta Win to purchase up to 10% of its total number of issued shares ("Proposed Share Buy-Back")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 35 | 2 |
| No. of Shares | 122,504,597 | 9,000 |
| % of Voted Shares | 99.9927 | 0.0073 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | TA WIN HOLDINGS BERHAD |
| Stock Name | TAWIN |
| Date Announced | 23 Feb 2021 |
| Category | General Meeting |
| Reference Number | GMA-22022021-00012 |
| Corporate Action ID | MY210222MEET0012 |