MULTIPLE PROPOSALS SINO HUA-AN INTERNATIONAL BERHAD ("SHIB" OR "COMPANY") (I) PROPOSED DIVERSIFICATION OF SHIB EXISTING CORE BUSINESS TO INCLUDE: (a) TECHNOLOGY SOLUTIONS BUSINESS COMPRISING:- - INFORMATION AND COMMUNICATIONS TECHNOLOGY SOLUTIONS BUSINESS; AND - ELECTRICAL AND ELECTRONICS SOLUTIONS BUSINESS; (b) FOOD AND BEVERAGE SERVICES BUSINESS (COLLECTIVELY "PROPOSED DIVERSIFICATION") (II) PROPOSED CHANGE OF NAME
| SINO HUA-AN INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | SINO HUA-AN INTERNATIONAL BERHAD ("SHIB" OR "COMPANY")
(I) PROPOSED DIVERSIFICATION OF SHIB EXISTING CORE BUSINESS TO INCLUDE:
(a) TECHNOLOGY SOLUTIONS BUSINESS COMPRISING:-
- INFORMATION AND COMMUNICATIONS TECHNOLOGY SOLUTIONS BUSINESS; AND
- ELECTRICAL AND ELECTRONICS SOLUTIONS BUSINESS;
(b) FOOD AND BEVERAGE SERVICES BUSINESS
(COLLECTIVELY "PROPOSED DIVERSIFICATION")
(II) PROPOSED CHANGE OF NAME |
|
On behalf of the Board of Directors of SHIB (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that SHIB proposes to undertake the following:
(I) diversification of SHIB’s existing core business to include the following:
(a) technology solutions business (“Technology Business”) comprising:-
- information and communications technology (“ICT”) solutions business and related businesses (“ICT Business”); and
- electrical and electronics (“E&E”) solutions business and related businesses (“E&E Business”);
(b) the food and beverage (“F&B”) services business and related businesses (“F&B Business”).
(II) proposed change of name from “Sino Hua-an International Berhad” to “Techna-X Berhad” (“Proposed Change of Name”).
Further details of the Proposed Diversification and Proposed Change of Name (collectively, the “Proposals”) are set out in the attached announcement. |
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Please refer attachment below.
Announcement Info
| Company Name | SINO HUA-AN INTERNATIONAL BERHAD |
| Stock Name | HUAAN |
| Date Announced | 28 Jul 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28072020-00105 |