[SUPERMX] Share Resale/Cancellation (Immediate) on 05-Jan-2021

Stock
[SUPERMX]: SUPERMAX CORPORATION BHD
Announcement Date
05-Jan-2021
Date
Number of Cancelled Shares
57,058,873
Currency
Malaysian Ringgit (MYR)
Price (per shares)
0.000 - 0.000
Total Amount
0.00
Total Treasury Shares
0
Remark
-
Market Buzz
Discussions
Be the first to like this. Showing 7 of 7 comments

anzhsb

sorry ... I dont understand ... need some help to explain this ?

2021-01-06 09:45

jameslee84

Cancelled treasury shares are handed out as dividend share eff. yesterday. 1 dividend share for every 45 shares.

2021-01-06 14:55

William Ng

still dont understand..

2021-01-06 21:23

beinvested

When the Company buying shares from the open market, CR bank account and DR Treasury Shares/Investment. When the Company wanted to CANCEL the Treasury Shares which amount to reducing the issued Shares, the entries are CR Treasury Shares and DR Reserved Profits. Reducing the shares in circulation/issued shares is good, which happened from any subdivision of shares/bonus issuance. Theoretically, the NTA is not disadvantaged but the reduced shares in the circulation can help because big quantity can compromise the quality/pricing of the shares.

2021-01-07 09:55

beinvested

If Treasury Shares are being used to reward the existing Shareholders, the same accounting entries could be used...

2021-01-07 10:02

beinvested

The creative one, with plenty of funds in the bank account, the Company can get the approval of the Shareholders to investment into other public listed companies which dealing with banking, REITS...good stock. such venture can bring good value to the Shares.Buy others' shares and park inside the Balance Sheet.

2021-01-07 10:28

intpage

Fantastic. Clear and concise.

2021-01-09 11:20

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