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of the Shares Exchange, K-Star will undertake the Transfer of Listing whereby K-Star and the K-Star Shares will be withdrawn from the Official List of Bursa Securities and SAG will be admitted to the Official List of Bursa Securities in place of K-Star.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
Contact Details: Purchase the Sinaran Advance Group Berhad report to view the information.
Website: http://www.sinaranadvance.com.my
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