Friday 29 Mar 2024
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KUALA LUMPUR (Oct 28): Sinotop Holdings Bhd has appointed Datuk Justin Soo Sze Ching as executive director today after he became a substantial shareholder in the fabric manufacturer.

In a statement to Bursa Malaysia today, Sinotop said Soo, 40, began his career as a civil engineer with various construction companies.

"With over fifteen years of varied corporate and management experience, Soo has wide in-depth exposure in the construction industry," Sinotop said.

Soo became Sinotop's substantial shareholder after he acquired 300 million shares or a 15.194% stake in the company last Friday (Oct 21) via an off-market deal.

According to Sinotop, he bought the stake via his private company Noble Pinnacle Sdn Bhd.

At 11:21am today, Sinotop shares climbed 0.5 sen or 7% to eight sen with some 23 million shares changing hands. The stock was the fifth most-active entity across Bursa Malaysia.

At eight sen, Sinotop has a market value of RM157.96 million.

 

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