General Meeting
15/10/2020GENERAL MEETINGS: Outcome of Meeting
WIDAD GROUP BERHAD |
Type of Meeting | Extraordinary |
Indicator | Outcome of Meeting |
Date of Meeting | 15 Oct 2020 |
Time | 10:00 AM |
Venue(s) |
Broadcast Venue WBG Penthouse, Widad Semantan (WiSe), No. 3, Jalan Semantan, Damansara Malaysia |
Outcome of Meeting | The Board of Directors of Widad Group Berhad ("the Company") wishes to announce that the resolution set out in the Notice of Extraordinary General Meeting ("EGM") dated 25 September 2020 which were tabled at the EGM of the Company held today, 15 October 2020 were duly passed.
The resolution was voted by poll in accordance with Rule 8.29A of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad. The result of the poll was validated by Cygnus IT Solutions PLT, the Independent Scrutineers appointed by the Company. |
Voting Results |
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1. ORDINARY RESOLUTION |
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Description |
PROPOSED ACQUISITION BY INNOVATIVE CITY HOLDINGS SDN BHD ("ICHSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF WIDAD, OF 100% EQUITY INTEREST IN INOVATIF MEWAH SDN BHD ("IMSB") FROM MENANG DEVELOPMENT (M) SDN BHD ("MDSB"), MENANG INDUSTRIES (M) SDN BHD ("MISB") AND TENTU SELESA SDN BHD ("TSSB") (COLLECTIVELY REFERRED TO AS THE "VENDORS") FOR A TOTAL CASH CONSIDERATION OF RM122,000,000 ("PROPOSED ACQUISITION") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 12 | 0 |
No. of Shares | 172,434,003 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
Announcement Info
Company Name | WIDAD GROUP BERHAD |
Stock Name | WIDAD |
Date Announced | 15 Oct 2020 |
Category | General Meeting |
Reference Number | GMA-15102020-00004 |
Corporate Action ID | MY201015MEET0004 |
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