| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 06 Dec 2022 |
| Time | 03:00 PM |
| Venue(s) | An online platform at https://www.digitizevote.my
(Domain Registration No. with MYNIC: D6A474651) Malaysia |
| Outcome of Meeting | The Board of Directors of MESB Berhad (“the Company”) wishes to announce that all the resolutions as prescribed in the Notice of Extraordinary General Meeting (“EGM”) of the Company dated 17 November 2022 were duly passed by the shareholders of the Company by way of poll via remote participation and voting at the EGM of the Company held on Tuesday, 6 December 2022.
The result of the poll was validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company. Please refer to the attachment for the details of the outcome. This announcement is dated 6 December 2022. |
| Voting Results | ||
| 1. Ordinary Resolution 1 | ||
| Description | Proposed Disposal by MESB of the Entire Equity Interests in Active Fit Sdn Bhd and MESB Capital & Development Sdn Bhd as well as 45% Equity Interest in Miroza Leather (M) Sdn Bhd to Trend Navigator Sdn Bhd for a Cash Consideration of RM46,000,000 | |
| Shareholder’s Action | For Voting | |
| Voted |
For |
Against |
| No. of Shareholders |
21 |
7 |
| No. of Shares |
16,234,817 |
24,065 |
| % of Voted Shares |
99.8520 |
0.1480 |
| Result |
Accepted |
|
| 2. Ordinary Resolution 2 | ||
| Description | Proposed Acquisitions by MESB of he Entire Equity interests in N.U. Recycle Sdn Bhd, Formidex Sdn Bhd and Waier Trading Sdn Bhd from Datuk Wong Sak Kuan, Lee Wai Fun and Lotus Essential Sdn Bhd for a Total Consideration of RM51,000,000 (“Proposed Acquisitions”) | |
| Shareholder’s Action | For Voting | |
| Voted |
For |
Against |
| No. of Shareholders |
20 |
8 |
| No. of Shares |
16,236,965 |
21,917 |
| % of Voted Shares |
99.8652 |
0.1348 |
| Result |
Accepted |
|
| 3. Ordinary Resolution 3 | ||
| Description | Proposed Shareholders’ Mandate for Additional Recurrent Related Party Transactions of a Revenue and/or Trading Nature Following the Completion of the Proposed Acquisitions | |
| Shareholder’s Action | For Voting | |
| Voted |
For |
Against |
| No. of Shareholders |
18 |
7 |
| No. of Shares |
11,459,054 |
21,828 |
| % of Voted Shares |
99.8099 |
0.1901 |
| Result |
Accepted |
|
Please refer attachment below.