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NOTICE OF EXTRAORDINARY GENERAL MEETING OF ECONFRAME BERHAD ("ECONFRAME" OR THE "COMPANY")
- PROPOSED ACQUISITION; AND
- PROPOSED SHARE BUY-BACK
Date of Meeting
30 Apr 2025
Time
10:30 AM
Venue(s)
Putra Room,
Sultan Abdul Aziz Shah Golf & Country Club,
No. 1, Rumah Kelab, Jalan Kelab Golf 13/6,
Seksyen 13, 40100 Shah Alam, Selangor Darul Ehsan
Malaysia
Date of General Meeting Record of Depositors
22 Apr 2025
Resolutions
1. ORDINARY RESOLUTION 1
Description
PROPOSED ACQUISITION OF 7,081,321 ORDINARY SHARES IN IVORY PEARL SDN BHD ("IPSB"), REPRESENTING THE ENTIRE EQUITY INTEREST OF IPSB, FOR A TOTAL PURCHASE CONSIDERATION OF RM56,000,000, TO BE SATISFIED VIA CASH CONSIDERATION OF RM46,672,545 AND THE REMAINING RM9,327,455 TO BE SETTLED VIA THE ISSUANCE AND ALLOTMENT OF 16,500,000 NEW ORDINARY SHARES IN ECONFRAME ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM0.5653 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION")
Shareholder’s Action
For Voting
2. ORDINARY RESOLUTION 2
Description
PROPOSED AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED SHARE BUY-BACK")