Tuesday, August 3, 2010

Sinotop shares slip

KUALA LUMPUR: Shares of Sinotop Holdings Bhd fell in late morning trade on Tuesday, Aug 3 after it new shares and rights shares were listed after the asset injection and rights issue.

At 10.59am, it was down six sen to 19.5 sen with 111 million shares done.

A Bursa Malaysia Securities circular said that 780.28 million acquisition shares and 303.16 million rights shares which were issued after the corporate exercise were listed on Tuesday.

On July 23, it raised RM61 million from its rights issue which was 98.7% subscribed.




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