IQZAN

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GENERAL MEETINGS: Outcome of Meeting

IQZAN HOLDING BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 05 Jul 2024
Time 11:00 AM

Venue(s) 
Pinnacle 3 (Level M1)

The Vertical, Connexion Conference & Event Centre

Bangsar South City, No. 8, Jalan Kerinchi

59200 Kuala Lumpur

Malaysia

Outcome of Meeting

The Board of Directors of IQZAN is pleased to announce that the resolution set out in the Notice of the Extraordinary General Meeting (“EGM”) of the Company dated 13 June 2024 was duly passed as Ordinary Resolution by way of a poll at the EGM of the Company held on Friday, 5 July 2024 at 11.00 a.m.

 

The result of the poll which was validated by the representative from Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company, is set out below:-

Voting Results

1. ORDINARY RESOLUTION

Description 
PROPOSED DISPOSAL BY IQZAN HOLDING BERHAD OF 6,320,970 ORDINARY SHARES, REPRESENTING 51.39% EQUITY INTEREST IN ITS WHOLLY-OWNED SUBSIDIARY, ZOOMIC TECHNOLOGY (M) SDN. BHD. ("ZOOMIC") TO SETTLE THE AMOUNT OWING TO DIGITAL MIRACLES SDN. BHD. ("DIGITAL MIRACLES") AND MILLION SAINT CONSULTANCY SDN. BHD. ("MILLION SAINT") IN THE FOLLOWING MANNER:-

(I)	2,106,990 ORDINARY SHARES IN ZOOMIC, REPRESENTING 17.13% EQUITY INTEREST IN ZOOMIC, TO DIGITAL MIRACLES FOR A DISPOSAL CONSIDERATION OF RM1.20 MILLION; AND

(II)	4,213,980 ORDINARY SHARES IN ZOOMIC, REPRESENTING 34.26% EQUITY INTEREST IN ZOOMIC, TO MILLION SAINT FOR A DISPOSAL CONSIDERATION OF RM2.40 MILLION
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 1
No. of Shares 65,724,517 19,400
% of Voted Shares 99.9705 0.0295
Result Accepted





Announcement Info

Company Name IQZAN HOLDING BERHAD
Stock Name IQZAN
Date Announced 05 Jul 2024
Category General Meeting
Reference Number GMA-01072024-00002
Corporate Action ID MY240701MEET0001


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