Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Proposed disposal of fabric biz for 70m, diversified into e mobile payment solution, capital reduction of share capital value to write off accumulated losses and start on clean sheet. No share consolidation as planned earlier. This is good news though. New biz can contribution 25% to group hence doesn't fall under GN3 affected issuers. Company on new footing with new biz n clean account.
I support your point of view too Wilson ,now the price is going uptrend ..if drop below Ema 20 then only will consider bearish ...the price now is resting just above Ema20 ..most probably it will rebound back to 0.600 or even further than 0.650 this week..
The brain behind sinotop is Dapat vista and their e payment solution to govt is called MyPay that are ongoing in the market. The company already proposed disposal of the remaining sunset industries n get cash back, then reduction all the accumulated losses and clean balance sheet.