Bursa Alert
Global Market
NewsScomi plans RM135.6m capital repayment
2 posters
Page 1 of 1
Scomi plans RM135.6m capital repayment
by hlk Fri 04 May 2012, 10:24
KUALA LUMPUR: Scomi Marine Bhd plans to give a total of RM135.6 million or 18.5 sen a share to its shareholders under a capital repayment.
Scomi Marine said yesterday the exercise would involve the reduction of its shares' par value from RM1 each to 45 sen by cancelling 55 sen.
The reduction will give rise to about RM525.07 million, of which RM135.6 million will be paid out to the shareholders.
The balance of the amount will be used to set off the entire accumulated losses. As at December 31 2011, its accumulated losses were RM362.04 million.
"The proposal will allow the company to reward its shareholders for their continued support. It will also allow to eliminate the entire accumulated losses of the company," it said.
Scomi Marine said yesterday the exercise would involve the reduction of its shares' par value from RM1 each to 45 sen by cancelling 55 sen.
The reduction will give rise to about RM525.07 million, of which RM135.6 million will be paid out to the shareholders.
The balance of the amount will be used to set off the entire accumulated losses. As at December 31 2011, its accumulated losses were RM362.04 million.
"The proposal will allow the company to reward its shareholders for their continued support. It will also allow to eliminate the entire accumulated losses of the company," it said.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Update Ancom Logistics plans capital repayment, special dividend
» Hot Stock RCE Capital shares rise after improved results, proposed capital repayment
» PacMas jumps after capital repayment goes ex (4782)
» PacMas reference price 14 sen after capital repayment (4782)
» Scomi Energy plans crane biz foray via JV with Handal
» Hot Stock RCE Capital shares rise after improved results, proposed capital repayment
» PacMas jumps after capital repayment goes ex (4782)
» PacMas reference price 14 sen after capital repayment (4782)
» Scomi Energy plans crane biz foray via JV with Handal
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum