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ABLE GLOBAL BERHAD (FORMERLY KNOWN AS JOHORE TIN BERHAD) ("AGB" OR THE "COMPANY")
(I)PROPOSED LAND ACQUISITION; AND
(II)PROPOSED DIVERSIFICATION
(COLLECTIVELY, THE "PROPOSALS")
Date of Meeting
28 Sep 2021
Time
10:00 AM
Venue(s)
Online meeting platform provided by
Tricor Investor & Issuing House Services Sdn. Bhd.
at https://tiih.online
Malaysia
Date of General Meeting Record of Depositors
22 Sep 2021
Resolutions
1. Ordinary Resolution 1
Description
PROPOSED ACQUISITION BY AGB THROUGH ITS WHOLLY OWNED SUBSIDIARIES NAMELY ABLE DAIRIES SDN. BHD. ("ADSB"), UNICAN INDUSTRIES SDN. BHD. ("UISB"), AND ABLE DEVELOPMENT SDN. BHD. ("ASB") TO ACQUIRE A PIECE OF FREEHOLD LAND HELD UNDER GRN 252112 LOT 5049 MUKIM BANDAR, DAERAH KUALA LANGAT, SELANGOR MEASURING APPROXIMATELY 297.51 ACRES FROM PNB DEVELOPMENT SDN. BERHAD ("PDSB") FOR A TOTAL CASH CONSIDERATION OF APPROXIMATELY RM169.8 MILLION ("PROPOSED LAND ACQUISITION") AND PROPOSED DIVERSIFICATION OF AGB GROUPS EXISTING BUSINESSES TO INCLUDE PROPERTY DEVELOPMENT ("PROPOSED DIVERSIFICATION")