News Detail

Date/Time
27 Nov 2020 17:03:00
Headline
Shareholders meeting's resolution
Symbol
STEC
Source
STEC
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                Shareholders meeting's resolution

Subject                                  : Shareholders meeting's resolution
Shareholder's meeting date               : 27-Nov-2020
Meeting's resolution                     : Accordingly approved with board's 
resolution
Remark                                   :
ST/2020/0554

    November 27th, 2020

Subject:    Report on Resolutions of the Extraordinary Meeting of Shareholders No. 
1/2020

To:    Directors and Manager of the Stock Exchange of Thailand

Whereas, Sino-Thai Engineering & Construction Public Company Limited (the 
"Company") convened the Extraordinary Meeting of Shareholders No. 1/2020 during
10.00 hours to 11.10 hours on Friday, the 27th day of November 2020.
    
Therefore, the Company would like to report the resolutions adopted at the said 
meeting as follows:

    Agenda No. 1    To confirm the minutes of the Extraordinary General Meeting of 
Shareholders No. 26/2020

Resolution:    Confirmation of the minutes of Extraordinary General Meeting of 
Shareholders No. 26/2020 held on July 17, 2020, by the majority votes as per the
 following voting details:
    Approved     826,232,417    votes    equivalent to    93.79    %
    Disapproved    0    votes    equivalent to    0.00    %
    Abstained     54,666,596    votes    equivalent to    6.21    %
    Voided Ballot     0    votes    equivalent to    0.00    %

Agenda No. 2    To consider and approve the purchase of the Business of STIT Co., 
Ltd. by way of acquisition of entire 13,500,000 shares, at the nominal of 10
Baht and other related conditions from STP&I Public Company Limited and other 4
minority shareholders

Resolution:    Approval of  the purchase of the Business of STIT Co., Ltd. which 
will contain only Operating Assets by way of acquisition of entire 13,500,000
shares, at the nominal of 10 Baht and other related conditions from STP&I Public
Company Limited and other 4 minority shareholders at the purchase price of
49.962 Baht per share or valuing 674,487,000 Baht and interest payment
approximately 19,042,576 Baht, altogether is 693,529,576 Baht; and  empowering
Mr. Pakpoom Srichamni as an authorized person to enter into any agreement,
signing or amendment of sale and purchase agreement in accordance with the
approved principle and any other related important documents including
undertaking any reasonable actions for and on behalf of the Company, with the
votes support adopted by shareholders at the meeting of  not less than
three-fourths (3/4) of the total votes of the shareholders attending the meeting
and have the right to vote ( excluding the votes of interested shareholders of
338,102,627 votes) as detailed below:
    Approved     489,264,962    votes    equivalent to     89.95    %
    Disapproved    0    votes    equivalent to     0.00    %
    Abstained     54,667,724    votes    equivalent to    10.05    %
    Voided Ballot     0    votes    equivalent to     0.00    %

Agenda No. 3   Other business
 
No other business was transacted at the meeting.

The Company provides this information for your acknowledgment and dissemination 
to the public and other investors.


    Sincerely yours,
    Sino-Thai Engineering & Construction Public Company Limited




    (Mr. Pakpoom Srichamni)
    President
______________________________________________________________________
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