Sinotop rights shares slide

The renounceable rights shares of Sinotop Holdings Bhd fell in very active trade on Tuesday, June 29.

At 12.15pm, Sinotop-OR was down 24 sen to 16.5 sen with 50.99 million units done while Sinotop rose 5.5 sen to 66 sen.

Under its corporate exercise, it had issued up to 307.08 million new shares of 20 sen each on the basis of 10 rights shares for every one share held.

The last day and time for acceptance, renunciation and payment is July 20. The rights will cease quotation on July 13.