SSTEEL

0.415

+0.01 (+2.5%)

GENERAL MEETINGS: Outcome of Meeting

SOUTHERN STEEL BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 07 Aug 2025
Time 02:00 PM

Venue(s) 
Level 4, Southern Steel Mesh Sdn Bhd,

Batu 5, 1/2 Miles, Jalan Kapar,

42100 Klang, Selangor Darul Ehsan

Malaysia

Outcome of Meeting

The Board of Directors of Southern Steel Berhad ("the Company") wishes to announce that the resolution as set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company dated 18 July 2025 was passed by the shareholders of the Company at the EGM held today. The resolution tabled was voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company.

 

This announcement is dated 7 August 2025.

Voting Results

1. Ordinary Resolution

Description 
Proposed disposal of 12,883,562 existing ordinary shares in Southern Steel Mesh Sdn Bhd, a wholly-owned subsidiary of SSB ("SSM"), representing approximately 55.0% equity interest in SSM, by SSB to BRC Asia Limited ("BRC" or the "Purchaser") for a total cash consideration of RM61.05 million ("Proposed Disposal")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 22 3
No. of Shares 202,808,355 4,400
% of Voted Shares 99.9978 0.0022
Result Accepted





Announcement Info

Company Name SOUTHERN STEEL BERHAD
Stock Name SSTEEL
Date Announced 07 Aug 2025
Category General Meeting
Reference Number GMA-07082025-00002
Corporate Action ID MY250807MEET0002


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