General Announcement for PLC
18/02/2022OTHERS SCHEME OF ARRANGEMENT UNDER SECTION 366(1) OF THE COMPANIES ACT 2016 (''ACT'') IN RESPECT OF GOLDEN HORSE PALACE BERHAD (''GHPB''), A SUBSIDIARY COMPANY OF CHHB
COUNTRY HEIGHTS HOLDINGS BHD |
Type | Announcement |
Subject | OTHERS |
Description | SCHEME OF ARRANGEMENT UNDER SECTION 366(1) OF THE COMPANIES ACT 2016 (''ACT'') IN RESPECT OF GOLDEN HORSE PALACE BERHAD (''GHPB''), A SUBSIDIARY COMPANY OF CHHB |
We refer to the announcement dated 24 January 2022.
CHHB, is pleased to announce the result of the Court Convened Meeting (“CCM”) for Scheme Creditors of its wholly-owned subsidiary, GHPB held on18 February 2022 . The proposed scheme of arrangement by GHPB pursuant to Section 366 (1) of the Companies Act 2016 has been approved by the Scheme Creditors of GHPB (“Scheme Creditors”) by the requisite majority in number representing 95.53% in value of the Scheme Creditors present and voting either in person or by proxy at the CCM in accordance to Section366(3) of the Act.
All the resolutions were voted by way of poll and the results of the poll were validated by PKF Risk Management Sdn Bhd, an independent scrutineer.
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Announcement Info
Company Name | COUNTRY HEIGHTS HOLDINGS BHD |
Stock Name | CHHB |
Date Announced | 18 Feb 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-15022022-00016 |