Sinmah Capital undertakes restructuring exercise

TheStar Tue, Mar 30, 2021 08:45pm - 3 years View Original


KUALA LUMPUR: Sinmah Capital Bhd had undertaken a restructuring of group involving the disposal of the entire equity interest in Sterling Healthcare Sdn Bhd by Sinmah Axis Healthcare Sdn Bhd.

It said both Sinmah Axis Healthcare and Sinmah Healthcare have today entered into a share sale agreement to dispose of and acquire 500,000 ordinary shares, representing entire equity interest in Sterling Healthcare for a total cash consideration of RM500,000.

The group said the transactions were part of the SCB’s internal restructuring plan.

It added there will be no material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of SCB for the financial year ending Dec 31, 2021. - Bernama

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