GENERAL MEETINGS: Outcome of Meeting
| GE-SHEN CORPORATION BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 26 Feb 2026 |
| Time | 10:00 AM |
| Venue(s) |
Conference Room, Unit 8, Level 5, Kompleks Komersil Akasa, Jalan Akasa, Akasa Cheras Selatan, 43300 Seri Kembangan, Selangor Malaysia |
| Outcome of Meeting | The Board of Directors of Ge-Shen Corporation Berhad ("GSCB") wishes to announce that the resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") dated 11 February 2026 were duly passed by the shareholders at the EGM held today.
The resolutions were voted by poll and the results of the poll were validated by Quantegic Services Sdn. Bhd., the Independent Scrutineer appointed by GSCB.
Details of the results of the polling in respect of the resolutions at the EGM are set out below.
This announcement is dated 26 February 2026. |
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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| Description |
PROPOSED ACQUISITION OF 400,000 ORDINARY SHARES IN LOCAL ASSEMBLY SDN. BHD. ("LOCAL ASSEMBLY") ("SALE
SHARE(S)"), REPRESENTING AN ADDITIONAL 40% EQUITY INTEREST IN LOCAL ASSEMBLY (A 40%-OWNED SUBSIDIARY
OF GE-SHEN) FROM CHAI VOON SUN, GURMAKH SINGH A/L AJMER SINGH, WEE THIAN SONG AND DIVINE INVENTIONS SDN.
BHD. ("DIVINE INVENTIONS") (COLLECTIVELY REFERRED TO AS "VENDORS" AND EACH A "VENDOR") FOR A TOTAL PURCHASE
CONSIDERATION OF RM52,000,000 TO BE SATISFIED BY A COMBINATION OF RM39,000,001 IN CASH AND RM12,999,999 VIA
THE ISSUANCE OF 8,666,666 NEW ORDINARY SHARES IN GE-SHEN ("GE-SHEN SHARE(S)" OR "SHARE(S)") AT AN ISSUE PRICE OF
RM1.50 EACH ("PROPOSED ACQUISITION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 0 |
| No. of Shares | 91,946,150 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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| Description |
PROPOSED PRIVATE PLACEMENT OF UP TO 30,161,200 NEW SHARES ("PLACEMENT SHARE(S) 2"), REPRESENTING NOT MORE
THAN 6.50% OF THE ENLARGED NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) TO
THIRD PARTY INVESTOR(S) AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT 2")
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|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 0 |
| No. of Shares | 91,946,150 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Announcement Info
| Company Name | GE-SHEN CORPORATION BERHAD |
| Stock Name | GESHEN |
| Date Announced | 26 Feb 2026 |
| Category | General Meeting |
| Reference Number | GMA-26022026-00005 |
| Corporate Action ID | MY260226MEET0005 |