Sinaran Advance Plans RM68m Capital Reduction to Erase Losses
Sinaran Advance Plans RM68m Capital Reduction to Erase Losses
Sinaran Advance Group Bhd (SAG), formerly known as K-Star Sports Ltd, intends to carry out a RM68 million capital reduction through the cancellation of issued share capital to offset accumulated losses.
Sinaran Advance Group Bhd（SAG），前身爲K-Star Sports Ltd，打算通過取消已發行股本進行6,800萬令吉的資本削減，以抵消累計虧損。
The proposed exercise aims to bring the share capital down to RM42.74 million, effectively utilizing the reduction to cover the existing accumulated losses of RM69.21 million at the company level.
擬議的行動旨在將股本降至4,274萬令吉，有效地利用減少的股本來彌補公司層面現有的6,921萬令吉的累計虧損。
SAG noted that this capital reduction would accurately mirror the group's financial position, aligning the issued share capital with available assets.
SAG指出，此次減資將準確反映該集團的財務狀況，使已發行股本與可用資產保持一致。
The primary objectives include eliminating accumulated losses, facilitating future dividend payments, and establishing a stronger financial foundation for the group's growth.
主要目標包括消除累計虧損，促進未來的股息支付，以及爲集團的增長奠定更堅實的財務基礎。
As of January 3, 2024, SAG's issued share capital was RM110.74 million, consisting of 914.96 million shares.
截至2024年1月3日，SAG的已發行股本爲1.1074億令吉，包括9.1496億股。
The company assured that the proposed capital reduction would not impact the share price or the existing number of shares in circulation.
該公司保證，擬議的資本削減不會影響股價或現有流通股票數量。
The proposed exercise is contingent on the approval of SAG's shareholders at an upcoming extraordinary general meeting.
擬議的演習取決於SAG股東在即將舉行的特別股東大會上的批准。
Subject to unforeseen circumstances, the completion is anticipated in the second quarter of 2024.
視不可預見的情況而定，預計將於2024年第二季度完工。
M&A Securities Sdn Bhd has been appointed as the principal adviser for the capital reduction.
M&A Securities Sdn Bhd已被任命爲資本削減的首席顧問。
SAG's shares closed unchanged at 8 sen today, with a trading volume of 2.48 million shares and a market capitalisation of RM73.2 million.
SAG的股票今天收於8仙不變，交易量爲248萬股，市值爲7,320萬令吉。
譯文內容由第三人軟體翻譯。