SYSTECH

0.425

-0.005 (-1.2%)

GENERAL MEETINGS: Outcome of Meeting

SYSTECH BHD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 10 Apr 2023
Time 10:00 AM

Venue(s)
Fully virtual basis via online meeting platform:

https://meeting.boardroomlimited.my

(Domain Registration No. with MYNIC - D6A357657)

Malaysia

Outcome of Meeting

The Board of Directors of Systech Berhad ("Systech" or "the Company") wishes to announce that all the resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company dated 24 March 2023 were duly passed at the EGM of the Company.

 

All the resolutions were voted by poll and the results of the poll were validated by Sky Corporate Services Sdn Bhd, the Independent Scrutineer appointed by the Company.

 

Please refer to below for details of the poll results.

 

This announcement is dated 10 April 2023.


Voting Results


1. ORDINARY RESOLUTION 1

Description
PROPOSED ACQUISITION OF 240,000 ORDINARY SHARES IN TALENTCLOUD AI SDN BHD ("TCAI") ("TCAI SALE SHARES"), REPRESENTING 80.0% EQUITY INTEREST IN TCAI, FOR A TOTAL CASH CONSIDERATION OF RM14,400,000 ("PURCHASE CONSIDERATION") ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 8
No. of Shares 182,950,782 165,701
% of Voted Shares 99.9095 0.0905
Result Accepted

2. ORDINARY RESOLUTION 2

Description
PROPOSED DISPOSAL OF THE COMPANY'S ENTIRE EQUITY INTERESTS IN SYSCATECH SDN BHD ("SYSCATECH"), MOBYSYS SDN BHD ("MOBYSYS"), TECHCASYS SDN BHD ("TECHCASYS"), SYSCATECH INC., AND SYSCODE SDN BHD ("SYSCODE") (COLLECTIVELY, REFERRED TO AS "E-BUSINESS SUBSIDIARIES") FOR A TOTAL CASH CONSIDERATION OF RM6,604,605 ("DISPOSAL CONSIDERATION") ("PROPOSED DISPOSAL")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 8
No. of Shares 182,950,782 165,701
% of Voted Shares 99.9095 0.0905
Result Accepted



Please refer attachment below.




Announcement Info

Company Name SYSTECH BHD
Stock Name SYSTECH
Date Announced 10 Apr 2023
Category General Meeting
Reference Number GMA-10042023-00004
Corporate Action ID MY230410MEET0004