GENERAL 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


1. ORDINARY RESOLUTION

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")
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