Is it proper for this extra ordinary general meeting to be held?

Question

This is a viable and profitable private limited goldsmith company incorporated in Malacca, Malaysia. Its managing director and other directors holding a majority shareholdings decide to hold this extra ordinary meeting to seek approval to

1) The cessation of the business on 31-10-08 2) Sell the company's building for Rm700k. 3) To pay laid off benefits to all the working directors. There was no mention of the stock and how the proceed of the sale of the business are to be distributed to the other minority directors which holds about 25% shareholding.

Answer 1

if the voting majority of the shareholders agree - its proper