General Meeting
25/06/2021GENERAL MEETINGS: Outcome of Meeting
| HB GLOBAL LIMITED |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 25 Jun 2021 |
| Time | 09:00 AM |
| Venue(s) |
Online Meeting Platform of Vote2U at https://web.vote2u.my Malaysia |
| Outcome of Meeting | The Board of Directors of HB Global Limited ("HB Global" or "the Company") wishes to announce that all the resolutions as set out in the Notice of Extraordinary General Meeting ("EGM") dated 10 June 2021 were duly passed by the shareholders of the Company at the EGM held on 25 June 2021 by way of voting on poll.
The results of the poll were validated by Aegis Communication Sdn Bhd, the Independent Scrutineer appointed by the Company.
This announcement is dated 25 June 2021 |
Voting Results |
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1. 1. ORDINARY RESOLUTION 1 |
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| Description |
PROPOSED ACQUISITION OF 600,000 ORDINARY SHARES IN FORWARD RESOURCES AND CONSTRUCTION SDN BHD ("FORWARD RESOURCES") ("SALE SHARES"), REPRESENTING 60% EQUITY INTEREST IN FORWARD RESOURCES, FOR A PURCHASE CONSIDERATION OF RM66,000,000 TO BE SATISFIED VIA THE ALLOTMENT AND ISSUANCE OF 208,413,740 NEW ORDINARY SHARES IN HB GLOBAL ("HB GLOBAL SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM0.2591 EACH AND RM12,000,000 IN CASH ("PROPOSED ACQUISITION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 39 | 1 |
| No. of Shares | 180,210,702 | 1,000 |
| % of Voted Shares | 99.9995 | 0.0005 |
| Result | Accepted | |
2. 2. ORDINARY RESOLUTION 2 |
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| Description |
PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF HB GLOBAL AND ITS SUBSIDIARIES (COLLECTIVELY, THE "HB GLOBAL GROUP") TO INCLUDE THE PROVISION OF CONSTRUCTION AND ENGINEERING SOLUTION SERVICES ("PROPOSED DIVERSIFICATION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 39 | 1 |
| No. of Shares | 180,210,702 | 1,000 |
| % of Voted Shares | 99.9995 | 0.0005 |
| Result | Accepted | |
Announcement Info
| Company Name | HB GLOBAL LIMITED |
| Stock Name | HBGLOB |
| Date Announced | 25 Jun 2021 |
| Category | General Meeting |
| Reference Number | GMA-24062021-00008 |
| Corporate Action ID | MY210624MEET0006 |
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