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Amended Announcements Please refer to the earlier announcement reference number: GMA-30052022-00016
MERCURY INDUSTRIES BERHAD
Type of Meeting
Extraordinary
Indicator
Notice of Meeting
Description
MERCURY INDUSTRIES BERHAD ("MIB" OR THE "COMPANY")
- NOTICE OF EXTRAORDINARY GENERAL MEETING ("EGM")
Date of Meeting
22 Jun 2022
Time
11:00 AM
Venue(s)
Lot G 50, Ground Floor, South City Plaza,
Persiaran Serdang Perdana,
Seksyen 1,
43300 Seri Kembangan, Selangor Darul Ehsan
Malaysia
Date of General Meeting Record of Depositors
15 Jun 2022
Resolutions
1. ORDINARY RESOLUTION 1
Description
PROPOSED ACQUISITION OF A PARCEL OF LAND LOCATED IN BANDAR SUNGAI BULOH, DAERAH GOMBAK, SELANGOR ("LAND") FOR A TOTAL CASH CONSIDERATION OF APPROXIMATELY RM23.5 MILLION ("PROPOSED LAND ACQUISITION")
Shareholder’s Action
For Voting
2. ORDINARY RESOLUTION 2
Description
PROPOSED SHARES ISSUANCE OF UP TO 22,100,100 NEW ORDINARY SHARES IN MIB ("MIB SHARES") REPRESENTING 50.0% OF THE ISSUED SHARE CAPITAL OF MIB ("PROPOSED SHARES ISSUANCE")
Shareholder’s Action
For Voting
3. ORDINARY RESOLUTION 3
Description
PROPOSED DIVERSIFICATION OF THE EXISTING CORE BUSINESS OF MIB AND ITS SUBSIDIARIES ("MIB GROUP") TO INCLUDE PROPERTY DEVELOPMENT ("PROPOSED DIVERSIFICATION")
Shareholder’s Action
For Voting
4. ORDINARY RESOLUTION 4
Description
PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE")
Shareholder’s Action
For Voting
5. ORDINARY RESOLUTION 5
Description
PROPOSED ALLOTMENT OF 11,050,050 MIB SHARES TO DATO' TIONG KWING HEE ("DATO TIONG"), THE MANAGING DIRECTOR OF MIB ("PROPOSED ALLOTMENT OF SHARES TO DATO TIONG")
Shareholder’s Action
For Voting
6. SPECIAL RESOLUTION
Description
PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF MIB PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("ACT") ("PROPOSED SHARE CAPITAL REDUCTION")