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Main Venue at Board Room of K-3-12 & K-3-13, Solaris Mont Kiara
No. 2, Jalan Solaris, Mont Kiara
50480 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Date of General Meeting Record of Depositors
19 Jul 2021
Resolutions
1. ORDINARY RESOLUTION 1
Description
PROPOSED ACQUISITION BY KANGER OF 1,020,000 ORDINARY SHARES OF SUNG MASTER HOLDINGS SDN. BHD. ("SUNG MASTER"), REPRESENTING 51.0% EQUITY INTEREST IN SUNG MASTER, FOR A PURCHASE CONSIDERATION OF RM94,789,436 TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT OF RM51,999,999.62 AND THE REMAINING PURCHASE CONSIDERATION OF RM42,789,436.38 TO BE SATISFIED VIA AN ISSUANCE AND ALLOTMENT OF 713,157,273 NEW ORDINARY SHARES OF KANGER ("KANGER SHARE(S)") AT THE ISSUE PRICE OF RM0.06 PER KANGER SHARE
Shareholder’s Action
For Voting
2. ORDINARY RESOLUTION 2
Description
PROPOSED SUBSCRIPTION OF 769,513,179 NEW KANGER SHARES ("SUBSCRIPTION SHARE(S)") AT THE SUBSCRIPTION PRICE OF RM0.06 PER SUBSCRIPTION SHARE BY MR. KUAH CHOON CHING