Drop is true better let PH rule after GE15.

Parkson proposes RM2b share capital reduction to reduce losses
Seah Eu Hen
/
theedgemarkets.com

November 08, 2021 21:41 pm +08


-A+A
KUALA LUMPUR (Nov 8): Parkson Holdings Bhd has proposed to cancel RM2 billion of its issued share capital in a move to reduce the group's accumulated losses.

According to a bourse filing on Monday, the group is in the red as accumulated losses amounted to RM932.47 million as at June 30, 2021.

The group expects to return to the black with retained earnings of RM1.05 billion after the capital reduction exercise.

After the exercise is completed, its issued share capital will be reduced to RM2.15 billion from RM4.15 billion.

Parkson said that the exercise will allow the company and group to rationalise their financial positions by reducing their accumulated losses through the reduction of its share capital which is lost or unrepresented by available assets of the group while reflecting a more accurate picture of the value of its underlying assets and financial position.

The reduction of accumulated losses from the exercise is expected to enhance the credibility of the company with the bankers, customers, suppliers, investors and other stakeholders according to the retail group.

The proposal, subject to shareholders' approval, is expected to be completed in the first quarter of 2022.

Parkson's share price was flat at 22 sen on Monday, valuing the group at RM240.66 million.

Lam Jian Wyn
https://www.theedgemarkets.com/article/parkson-proposes-rm2b-share-capital-reduction-reduce-losses

Let's see whether BN can win PRN Melaka.

Felda reduce holding so they must sell?

EVO118 Looks like Felda is going to either make another takeover offer or reduce their holding before GE15.
08/11/2021 2:44 PM

1.8 IPO is con just like BN/PN as govn.

20 sen where? 20 sen only PH as govn?

1.3 Felda failed to privatise FGV so 1.5 the next price Felda will offer? Better try PH in GE15 those trapped at higher price.

69 or 61 sen TP can trust IB? PH as government in GE15 better hope?

2.5? PH with Anwar as PM10 maybe got hope.

Who lose money in Kossan conned by QR vote PH in GE15.

1.61 is 509 share price. If FGV cannot above on good QR or record CPO price this govn everyone must kick them out.

Govn is useless to control sharks. Better try PH in GE15 if you care about your money.

Vaccination very slow. 2nd phase for senior citizens above 60 years old will only end in Aug.

PN not good at controlling Covid19 and economy why not let voted PH back to power?

If no booster why not let voted PH back as gov? FF selling non stop.

Fake news a lot not real news why ah? Pls let voted PH back as govn better.

Enter CI why no hope? Govn lousy?

Robin Tan Iris disposal and VT disposal mere coincidence?

50.5 sen not max?

Covid19 and economy recovery got hope under PN? Why not let voted PH rule next?

Stubborn/kingmaker GPS not helping M'sian.

Stubborn/kingmaker GPS not helping M'sian.

Voted PH got pay Pres Bhd why backdoor PN must pay AwanBiru?

Only tech and health care stocks can buy why list other sectors?

2020 got goreng a bit because Muhyiddin just PM not 2021? Be wise if GE15 will come soon.

How much Awanbiru request? How much govn will pay?

weisheng1998 I think will pay in portion(depend on developed project) but not full fund, imagine u receive a signed order letter that cost few million and started the business process. The customer suddenly come and say don't want buy edy. The action can be consider fraud. Like shop they will take deposit of the product if customer suddenly say don't want the product and the seller already ordered the product from supplier.
10/04/2021 11:21 PM

If fraud indeed committed why SC/police no action?

AirAsia aims to rehire retrenched employees
https://www.theedgemarkets.com/article/airasia-aims-rehire-retrenched-employees

If PN lose in GE15 will Tok Pa jump party again?

Yesterday where were you? Only today got post?

You not sharks? Can answer back?

Posted by howard > Apr 6, 2021 4:15 PM | Report Abuse
if keep queue buy 0.460 or 0.465, and queue sell 0.470 or 0.475. already earn almost 10 rounds. But I didn't buy mother, i go for PA more worth

Tok Pa support? Why join PN from BN?

CPO up FGV down bec govn backdoor lousy?

Got profit?

greedy44444 Already sold all pnepcb
06/04/2021 3:45 PM

Credit Suisse(not bank?) behind cutloss?

Who say no politics? You own which banks or which billionaire can sapu non-stop if drop?

greedy4444 can we talk? PNE PCB, Malakoff got up?

>red counters than green incl Focus sign PN good?

Posted by KLLee_0110 > Apr 6, 2021 3:09 PM | Report Abuse
Now days share mkt very hard to predict

Why BN lose GE14 yet comeback as PN?

Even SC know they do nothing. Kick out useless govn better.

Posted by boyboy2021 > Apr 6, 2021 3:03 PM | Report Abuse

Guys, Please submit the share manipulation CBT and any other misleading fake queue to security commission, Bursa Malaysia Security MACC & PDRM LHDN

Email
1. aduan@seccom.com.my

Tell your boss call GE15 asap if PN dare.

Still support PN bec you are sharks like people losing $?

Cannot defend can vote PN in GE15 or not?

robert00 no defenders here meh
06/04/2021 10:03 AM

Banglaman no more talk BJ Corp? Bought at peak day?

BanglaMan Buy BJcorp better la double in few weeks..
01/04/2021 9:30 AM

>1000 counters rubbish why IPO approved?

Vietnam just concluded GE why not M'sia?

All must die under PN? Why not vote new govn can tell Agong?

<GE14 share price bec govn is incompetent and backdoor?

Agree. Those cannot buy more pls help by voting in coming GE15?

Agree 100%. No wonder need "Emergency" and frog MPs' to stay in power.