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Sinaran Advance Group Berhad (Malaysia)

Main Activities: Credit Intermediation and Related Activities
Full name: Sinaran Advance Group Berhad Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company is a special purpose vehicle to facilitate the implementation of the Proposed Internal Reorganisation. On 30 June 2020, M&A Securities had, on behalf of the company Board, announced that K-Star entered into the Scheme Agreement with Sinaran Advance Group (SAG) to undertake the Internal Reorganisation, which is comprise the following :
(i) exchange of :
- all existing K-Star Shares with the new SAG Shares on a one-for-one basis;
- all oustanding K-Star Warrants with new SAG Warrants on a one-for-one basis as at Entitlement Date,
- transfer of K-Star's listing status of SAG, followed by admission of SAG to and withdrawal of K-Star from the Official List of Bursa Securities and the listing of and quotation for the new SAG Shares and SAG Warrants on the Main Market of Bursa Securities; and
- transfer of K-Star's entire shareholdings in its subsidiary to SAG. Following the Securities Exchange, all of K-Star's shareholdings in Sinaran Trilion Sdn Bhd will be transferred to SAG.
Upon completion of the Shares Exchange, K-Star will undertake the Transfer of Listing whereby K-Star and the K-Star Shares will be withdrawn from the Official List of Bursa Securities and SAG will be admitted to the Official List of Bursa Securities in place of K-Star. Upon listing on the Main Market of Bursa Securities, the SAG Shares will assume the existing stock code of K-Star which is '5172' and a new short name of 'SINARAN'.
At 14 July 2020, the Company has changed its name from Bluesky Capital Sdn. Bhd. to Sinaran Advance Group Sdn. Bhd. At 9 September 2020, the Company has converted its company status from private company (Sinaran Advance Group Sdn. Bhd.) to public company (Sinaran Advance Group Berhad).

Headquarters
Persoft Tower, Df2-09-03A (Unit 1A), Level 9, 6B, Persiaran Tropicana, Tropicana Golf Country Resort
Petaling Jaya; Selangor; Postal Code: 47410

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Website: http://www.sinaranadvance.com.my

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2020
Key Executives
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Director/Member of the Board
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Secretary
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Secretary
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Outside Director
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Outside Director
Ownership Details
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12.927%
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9.279%
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6.85%
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Subsidiaries
K Star Healthcare Sdn. Bhd.
100%
K-Star Sports Limited (Singapore)
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MYR. Absolute financial data is included in the purchased report.
Net sales revenue
-50.66%
Total operating revenue
-48.74%
Operating profit (EBIT)
-43.24%
EBITDA
-121.59%
Net Profit (Loss) for the Period
-35.22%
Total assets
-21.12%
Total equity
-20.83%
Operating Profit Margin (ROS)
-12.91%
Net Profit Margin
-18.8%
Return on Equity (ROE)
-5.83%
Debt to Equity Ratio
7.95%
Quick Ratio
-0.07%
Cash Ratio
-0.16%

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