AMTEL

0.300

-0.005 (-1.6%)

GENERAL MEETINGS: Outcome of Meeting

AMTEL HOLDINGS BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 30 Sep 2026
Time 10:00 AM

Venue(s) 
Langkawi Room, 2nd Floor,

Bukit Jalil Golf & Country Resort,

Jalan Jalil Perkasa 3, Bukit Jalil,

57000 Kuala Lumpur, Wilayah Persekutuan,

Malaysia

Outcome of Meeting

The Board of Directors of Amtel Holdings Berhad ("the Company") wishes to announce that the resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") dated 14 September 2026 were duly passed by the shareholders at the EGM of the Company held today.


All the resolutions were voted by poll and the results of the poll were validated by Aldpro Corporate Services Sdn. Bhd., the Independent Scrutineer appointed by the Company.


This announcement is dated 30 September 2026.

Voting Results

1. Ordinary Resolution 1

Description 
Proposed Acquisition by Amtel Cellular Sdn Bhd ("AMCSB"), a wholly owned subsidiary of Amtel, of a parcel of agricultural land with industrial potential held under Geran 412787, Lot 38020, Mukim Hulu Bernam Timor, District of Muallim, Perak from Kat Ventures Sdn Bhd for a total cash consideration of RM23,000,000
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 0
No. of Shares 16,669,542 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed Subscription by Chester Koid of 45,000,000 New Ordinary Shares in Amtel ("Shares") ("Subscription Shares") at an issue price of RM0.33 per Subscription Share for a total consideration of RM14,850,000 ("Proposed Subscription")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 0
No. of Shares 19,329,292 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
Proposed Exemption to Chester Koid and the Persons Acting in Concert with him from the obligation to undertake a mandatory offer for the remaining Shares not already owned by them upon the completion of the Proposed Subscription pursuant to Subparagraph 4.08(1)(b) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 0
No. of Shares 19,329,292 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
Proposed Diversification of the existing principal activities of Amtel and its subsidiaries to include manufacturing and assembly of motor vehicles
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 53 0
No. of Shares 48,843,837 0
% of Voted Shares 100.0000 0.0000
Result Accepted





Announcement Info

Company Name AMTEL HOLDINGS BERHAD
Stock Name AMTEL
Date Announced 30 Sep 2026
Category General Meeting
Reference Number GMA-28092026-00005
Corporate Action ID MY260928MEET0005


View original announcement