27 Nov 2020 17:03:00
Shareholders meeting's resolution
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 ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.