Read More

G3 Global Gets Shareholders’ Nod for Healthcare Venture and Three Other Resolutions

KUALA LUMPUR, Apr 8, 2022 - (ACN Newswire via SEAPRWire.com) - Artificial Intelligence specialist G3 Global Berhad (G3) has cemented its entry into the higher-margin Healthcare business - beginning with the sale of COVID-19 test kits - after it received approval from its shareholders today. Via a virtual Extraordinary General Meeting (EGM), the shareholders also approved a cash call to grow the Healthcare and ICT divisions; a higher limit to issue new shares; and the engagement in related party transactions (RPT).Dirk Quinten, Managing DirectorFour resolutions were tabled at the EGM, all of which received approval by the voting shareholders. The first resolution was on the proposed diversification into healthcare-related business, whereas the second resolution was on a proposed private placement of up to 432,849,300 new ordinary shares or 20% of G3's total issued shares. The new shares will be issued to independent third-party investors to be identified at a later stage, and the funds raised will be used to expand G3's Healthcare and ICT businesses.In addition, the third resolution was to increase the limit for authority to allot and issue shares from 10% to 20%, while the fourth r...