3101575000don't worry lah! refer to the coming EGM proposal:- The co intends to use the PAR VALUE REDUCTION to reduce the accumulated loses of l60m. (once offset, noneed to wait for ten yrs) Details pls refer to page 17 *CIRCULAR TO SHAREHOLDERS''
Then the future balance sheet no more accumulated loses.
Unless otherwise defined, the definitions set out in the announcement dated 22 January 2016 shall apply herein.
M&A Securities Sdn Bhd, on behalf of the Board of Directors of CHB, wishes to announce that an office copy of the sealed order of the High Court of Malaya confirming the par value reduction has been lodged with the Companies Commission of Malaysia on 11 October 2016, upon which the Par Value Reduction shall take effect. Hence, the Par Value Reduction is deemed completed.
Shareholders of CHB should note that the Par Value Reduction does not affect the number of the ordinary shares of CHB held by them. All the ordinary shares in CHB credited in the securities accounts of CHB’s shareholders shall be unaffected except for the reduction in par value of each ordinary share of CHB from RM0.10 to RM0.02. The share price of ordinary shares in CHB will not be adjusted pursuant to the Par Value Reduction.
stteckThe share price of ordinary shares in CHB although will not be adjusted pursuant to the Par Value Reduction, but it can be reduced/fire up by the public.....LOL