Highlights:
add free Download App
premium Premium Account

Last Price Change Volume
Open: Day Range: Prev Close:


GENERAL MEETINGS: Outcome of Meeting

GRAND-FLO BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 20 Oct 2020
Time 01:30 PM

Venue(s)
Conference Room of Grand-Flo

Menara NCT, No. 2, Jalan BP 4/9

Bandar Bukit Puchong, 47100 Puchong

Selangor Darul Ehsan

Malaysia

Outcome of Meeting

The Board of Directors of Grand-Flo Berhad (“the Company”) is pleased to announce that all the resolutions as prescribed in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 5 October 2020 were duly passed by the shareholders of the Company by way of poll via remote participation and voting facilities at the EGM of the Company.

 

The result of the poll was validated by Asia Securities Sdn. Berhad, the independent scrutineer appointed by the Company.

 

Please refer to the attachment for the details of the outcome.

 

This announcement is dated 20 October 2020.


Voting Results


1. Ordinary Resolution 1

Description
Proposed Disposal by Grand-Flo of 800,000 ordinary shares in Grand-Flo Spritvest Sdn. Bhd. ("GFS") ("GFS Shares"), representing 80% equity interest in GFS, to Radiant Globaltech Bhd ("RGB"), for a total cash consideration of RM11,600,000 ("Proposed Disposal 1")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 359,892,598 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description
Proposed Disposal by Grand-Flo of 200,000 GFS Shares, representing 20% equity interest in GFS, to Jejaka 7 Capital Sdn. Bhd. ("Jejaka"), for a total cash consideration of RM2,900,000 ("Proposed Disposal 2")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 359,892,598 0
% of Voted Shares 100.0000 0.0000
Result Accepted



Please refer attachment below.




Announcement Info

Company Name GRAND-FLO BERHAD
Stock Name GRANFLO
Date Announced 20 Oct 2020
Category General Meeting
Reference Number GMA-19102020-00008
Corporate Action ID MY201019MEET0007




Close