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），前身为K-Star Sports Ltd，打算通过取消已发行股本进行6,800万令吉的资本削减，以抵消累计亏损。
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.
拟议的行动旨在将股本降至4,274万令吉，有效地利用减少的股本来弥补公司层面现有的6,921万令吉的累计亏损。
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，此次减资将准确反映该集团的财务状况，使已发行股本与可用资产保持一致。
The primary objectives include eliminating accumulated losses, facilitating future dividend payments, and establishing a stronger financial foundation for the group's growth.
主要目标包括消除累计亏损，促进未来的股息支付，以及为集团的增长奠定更坚实的财务基础。
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的已发行股本为1.1074亿令吉，包括9.1496亿股。
The company assured that the proposed capital reduction would not impact the share price or the existing number of shares in circulation.
该公司保证，拟议的资本削减不会影响股价或现有流通股票数量。
The proposed exercise is contingent on the approval of SAG's shareholders at an upcoming extraordinary general meeting.
拟议的演习取决于SAG股东在即将举行的特别股东大会上的批准。
Subject to unforeseen circumstances, the completion is anticipated in the second quarter of 2024.
视不可预见的情况而定，预计将于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已被任命为资本削减的首席顾问。
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的股票今天收于8仙不变，交易量为248万股，市值为7,320万令吉。
译文内容由第三方软件翻译。