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GENERAL MEETINGS: Outcome of Meeting

BINTAI KINDEN CORPORATION BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 22 Nov 2021
Time 10:00 AM

Venue(s)
Online Meeting Platform provided by

Tricor Investor & Issuing House Services Sdn Bhd

at https://tiih.online

Malaysia

Outcome of Meeting

The Board of Directors of Bintai Kinden Corporation Berhad ("Bintai" or "the Company") wishes to announce that the resolution as set out in the Notice of Extraordinary General Meeting dated 29 October 2021 was approved by the shareholders of the Company at the Extraordinary General Meeting held today, 22 November 2021.

 

The results of the poll voting in respect of all the Resolutions tabled  have been validated by Eco Asia Corporate Services Sdn Bhd, the independent scrutineer appointed by the Company as set out below (please refer to the attachment for the poll results).

 

A copy of the Press Release is attached herein.

 

This announcement is dated 22 November 2021.


Voting Results


1. ORDINARY RESOLUTION 1

Description
PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN JOHNSON MEDICAL INTERNATIONAL SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM50,000,000 TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT RM26,000,000 AND THE REMAINING PURCHASE CONSIDERATION OF RM24,000,000 TO BE SATISFIED VIA THE ISSUANCE AND ALLOTMENT OF 58,536,600 NEW ORDINARY SHARES IN BINTAI ("BINTAI SHARE(S)" OR "SHARE(S)") AT THE ISSUE PRICE OF RM0.41 PER SHARE ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 416 14
No. of Shares 194,773,174 28,870
% of Voted Shares 99.9852 0.0148
Result Accepted

2. ORDINARY RESOLUTION 2

Description
PROPOSED DIVERSIFICATION OF BINTAI'S EXISTING BUSINESS TO INCLUDE THE:

(I)	PROPERTY DEVELOPMENT BUSINESS SEGMENT; AND
(II)	PROPERTY MANAGEMENT BUSINESS SEGMENT WHICH INCLUDES THE MANAGEMENT OF CONDOTEL

("PROPOSED DIVERSIFICATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 417 13
No. of Shares 194,779,174 22,870
% of Voted Shares 99.9883 0.0117
Result Accepted

3. ORDINARY RESOLUTION 3

Description
PROPOSED PRIVATE PLACEMENT OF UP TO 114,567,500 NEW ORDINARY SHARES IN BINTAI REPRESENTING APPROXIMATELY 30% OF THE EXISTING ISSUED ORDINARY SHARES IN BINTAI, TO INDEPENDENT INVESTOR(S) TO BE IDENTIFIED LATER  ("PROPOSED PRIVATE PLACEMENT")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 413 17
No. of Shares 194,759,672 42,372
% of Voted Shares 99.9782 0.0218
Result Accepted

4. ORDINARY RESOLUTION 4

Description
PROPOSED ISSUANCE OF UP TO 190,946,000 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") TO OUD ASSET MANAGEMENT SDN BHD ("OUD") AT AN ISSUE PRICE OF RM0.10 PER RCPS ("PROPOSED ISSUANCE OF RCPS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 412 18
No. of Shares 194,759,537 42,507
% of Voted Shares 99.9782 0.0218
Result Accepted

5. SPECIAL RESOLUTION

Description
PROPOSED AMENDMENTS TO THE CONSTITUTION OF THE COMPANY TO FACILITATE THE PROPOSED ISSUANCE OF RCPS ("PROPOSED AMENDMENTS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 416 14
No. of Shares 194,785,074 16,970
% of Voted Shares 99.9913 0.0087
Result Accepted



Please refer attachment below.

Attachments

EGM_Poll Results.pdf
530.3 kB




Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 22 Nov 2021
Category General Meeting
Reference Number GMA-22112021-00001
Corporate Action ID MY211122MEET0001




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