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Meeting Hall, Level 16, Lion Office Tower, No. 1 Jalan Nagasari, 50200 Kuala Lumpur
Outcome of Meeting
We are pleased to announce that the shareholders of the Company had at the Extraordinary General Meeting (“EGM”) held on 19 August 2016, approved the Ordinary Resolution as set out in the Notice of EGM dated 3 August 2016.
The Ordinary Resolution was voted on by poll and the result of the poll was validated by Messrs Ong Boon Bah & Co., the Independent Scrutineer appointed by the Company.
The result of the poll is as follow:
Resolution
Vote For
Vote Against
No. of shares
%
No. of shares
%
Proposed Disposal by Bright Steel Service Centre Sdn Bhd, a Wholly-owned Subsidiary of Lion Corporation Berhad, of Property and Assets to Axis Development Sdn Bhd for a Total Cash Consideration of RM64 million