Vancouver, BC / ACCESSWIRE / June 30, 2014 / 360 Capital Financial Services Group Inc., (CSE: TSZ) (the "Company") announces that its shareholders approved all matters placed before them during the annual general and special meeting on June 27, 2014 (the "Meeting").
The number of directors was fixed at four. John Gan, Ching Ping (Nikita) Chou, Ullrich Schade and Donald Gordon were elected to the board of directors of the Company. Manning Elliot LLP were reappointed as the auditors of the Company. The shareholders also approved the plan of arrangement (the "Arrangement") between the Company and its three wholly owned subsidiaries Atikin Investment Inc. ("Atikin"), CGSG Invesment Inc. ("CGSC") and Plenus Investment Inc. ("Plenus" ) (collectively the "Subsidiaries").
The Arrangement will have to be approved by the Supreme Court of British Columbia, and will have to be filed with the Corporate Registry of British Columbia before it becomes effective.
A total of 25,798,856 common shares representing 58.83% of the issued shares of the Company were represented at the Meeting and voted either by proxy or in person. Shareholders present in person or represented by proxy voted 100% in favour of all matters placed before them at the Meeting.
About 360 Capital Financial Services Group Inc.
360 Capital, through its subsidiary business units, is developing, growing and operating insurance and financial services businesses and distribution through acquisition, partnership, joint-venture, and strategic alliance and cooperation - in Canada and Asia Pacific.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: 360 Capital Financial Services Group Inc.