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Name Change Powers SMCAP-WB Ahead

The share price of Sinmah Capital Berhad, formerly known as Farm’s Best Berhad, rose significantly in recent weeks after the company announced the change of company name to its current form on 2 June.  Sinmah Capital began trading on Bursa Malaysia under its new name on 14 June.  The mother share rose to end the first day of trading under new name at 82 sen while the company warrant SMCAP-WB fell to 20 sen.

Sinmah Capital is one of the largest integrated poultry producers in Malaysia.  The group also ventured into construction and property development in a significant way recently when it proposed to establish a joint venture with Encorp Bukit Katil Sdn Bhd (EBKSB), a wholly-owned subsidiary of Encorp Berhad to carry out a mixed development project on 77.94 acres of land located in Bukit Katil, Melaka. 

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