GENERAL MEETINGS: Outcome of Meeting
| GLOSTREXT BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 08 Jan 2025 |
| Time | 10:00 AM |
| Venue(s) |
No. 11A, Jalan Apollo U5/194, Bandar Pinggiran Subang, Seksyen U5, 40150 Shah Alam, Selangor Darul Ehsan, Malaysia |
| Outcome of Meeting | The Board of Directors of Glostrext Berhad ("the Company") wishes to announce that the resolutions as set out in the notice convening the Extraordinary General Meeting ("EGM") dated 23 December 2024 was duly passed at the EGM of the Company held earlier today.
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Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
Proposed acquisition of 3,500,000 Ordinary Shares representing 70.0% equity interest in Powertecs System Sdn Bhd (“Powertecs”) from Chen Song Wie and Ng Chuee Choo for a purchase consideration of RM4,200,000 to be satisfied via a Combination of Cash and issuance of new Ordinary Shares in Glostrext (“Proposed Acquisition”) |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 16 | 0 |
| No. of Shares | 265,881,000 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
Proposed Diversification of the existing Principal Activities of Glostrext and its Subsidiaries to include trading of electrical appliances, generators, alternators and other related products (“Proposed Diversification”) |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 16 | 0 |
| No. of Shares | 265,881,000 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | GLOSTREXT BERHAD |
| Stock Name | GLXT |
| Date Announced | 08 Jan 2025 |
| Category | General Meeting |
| Reference Number | GMA-07012025-00002 |
| Corporate Action ID | MY250107MEET0002 |