BVI-registered construction and engineering company Khot Infrastructure Holdings, Ltd. announced the approval of all the agenda items and proposals put forward by the Board of Directors at the company’s annual general and special meeting of shareholders.
Among the approved resolutions there is the change of business from transportation infrastructure in Mongolia to developing proprietary indexes and data products for emerging blockchain and digital currency markets. Also, the shareholders approved the amendment to BVI company’s articles of incorporation to change the name to Blockchain Holdings Ltd.
Other items included setting the number of directors of the company, re-appointment of company’s auditors, new rolling 10% Stock Option Plan, and sale of Mongolian subsidiary Ashid Munkhiin Zam LLC.
Khot Infrastructure Holdings also announced that it has completed its non-brokered private placement of subscription receipts for gross proceeds of US$500,000 at a price of US$0.10 per Receipt. It has also reached the agreement with its lenders to repay CAD$628,304.68 in debt by the issuance of 6,283,047 common shares at a price of US$0.10 per share.