Circular/Notice to Shareholders
| SINOTOP HOLDINGS BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PART A (I) PROPOSED DISPOSAL BY SINOTOP HOLDINGS BERHAD ("SINOTOP") OF THE ENTIRE EQUITY INTEREST IN ITS WHOLLY-OWNED SUBSIDIARY, BE TOP GROUP LIMITED, FOR A CASH CONSIDERATION OF RM70.00 MILLION ("PROPOSED DISPOSAL"); (II) PROPOSED REDUCTION OF SINOTOPS SHARE CAPITAL PURSUANT TO SECTION 117 OF THE COMPANIES ACT 2016 ("PROPOSED CAPITAL REDUCTION"); AND (III) PROPOSED DIVERSIFICATION OF THE EXISTING CORE BUSINESS OF SINOTOP AND ITS SUBSIDIARIES TO INCLUDE MOBILE AND DIGITAL SOLUTIONS BUSINESSES ("PROPOSED DIVERSIFICATION"). PART B INDEPENDENT ADVICE LETTER FROM ASIA EQUITY RESEARCH SDN. BHD. TO THE NON-INTERESTED SHAREHOLDERS OF SINOTOP IN RELATION TO THE PROPOSED DISPOSAL PART C PROPOSED CHANGE OF NAME OF SINOTOP FROM "SINOTOP HOLDINGS BERHAD" TO "PERTAMA DIGITAL BERHAD" |
Please refer attachment below.
Announcement Info
| Company Name | SINOTOP HOLDINGS BERHAD |
| Stock Name | SINOTOP |
| Date Announced | 30 Jul 2020 |
| Category | Document Submission |
| Reference Number | DCS-30072020-00032 |