GENERAL MEETINGS: Outcome of Meeting
| KOBAY TECHNOLOGY BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 22 Jul 2021 |
| Time | 11:00 AM |
| Venue(s) |
Fully virtual basis through live webcast and online remote voting via Online Meeting Platform, www.agriteum.com.my provided by Agriteum Share Registrar Sdn. Bhd. Malaysia |
| Outcome of Meeting | The Company wishes to announce that all the resolutions as set in the Notice of Extraordinary General Meeting ("EGM") dated 5 July 2021, has been approved by way of poll at the EGM of the Company held on 22 July 2021. The voting in respect of the resolutions was carried out by way of poll and the results were validated by Messrs Symphony Merchant Sdn Bhd, the Independent Scrutineer appointed by the Company. Details of the said results are set out in the attachment. This announcement is dated 22 July 2021 |
Voting Results |
||
1. Ordinary Resolution 1 |
||
| Description |
(i) Proposed acquisition by Kobay of 70% equity interest in the (a) Avelon Healthcare Sdn Bhd, (b) Galaxis Healthcare Sdn Bhd, (c) Avelon Arise Sdn Bhd, (d) Galaxis Pharma Sdn Bhd and (e) Arise Healthcare Sdn Bhd (collectively referred to as the Avelon Group) from Lim Beng Cheong and Chong Huei Shin (collectively referred to as the Vendors) for a total cash consideration of up to RM47,665,676.80 (Proposed 70% Acquisition); and (ii) Proposed granting by the Vendors of a call option for Kobay to acquire the remaining 30% equity interest in the Avelon Group and the granting by Kobay of a put option to the Vendors to sell or cause to sell the remaining 30% equity interest in the Avelon Group after the Proposed 70% Acquisition (Proposed Call and Put Option) (The Proposed 70% Acquisition and Proposed Call and Put Option are collectively referred to as the Proposed Acquisition) |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 29 | 0 |
| No. of Shares | 132,804,259 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
||
| Description |
Proposed diversification of the existing principal activities of the Kobay and its subsidiaries to include the sale and/or manufacturing of pharmaceutical and healthcare products (Proposed Diversification) |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 28 | 1 |
| No. of Shares | 132,796,759 | 7,500 |
| % of Voted Shares | 99.9943 | 0.0056 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | KOBAY TECHNOLOGY BERHAD |
| Stock Name | KOBAY |
| Date Announced | 22 Jul 2021 |
| Category | General Meeting |
| Reference Number | GMA-21072021-00008 |
| Corporate Action ID | MY210721MEET0008 |