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Meeting Rooms 3 & 4, Securities Services (Holdings) Sdn Bhd,
Level 7, Menara Milenium, Jalan Damanlela,
Pusat Bandar Damansara, Damansara Heights,
50490 Kuala Lumpur, Wilayah Persekutuan,
Malaysia
Outcome of Meeting
The Board of Directors of Southern Steel Berhad ("the Company") wishes to announce that all resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company dated 6 March 2025 were passed by the shareholders of the Company at the EGM held today. All the resolutions tabled were 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 21 March 2025.
Voting Results
1. Ordinary Resolution 1
Description
Proposed Shareholders' Mandate for New Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed New Shareholders' Mandate")
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
22
0
No. of Shares
198,465,855
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
2. Ordinary Resolution 2
Description
Proposed Variation of the Utilisation of Proceeds Raised from the Issuance of 752,057,840 New Ordinary Shares in SSB ("SSB Share(s)" or "Share(s)") ("Issuance of Shares") and Private Placement of 152,742,000 New SSB Shares ("Private Placement"), both of which were completed on 16 January 2025 ("Proposed Variation")