Posted by anzhsb > 2021-01-06 09:45 | Report Abuse

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

Posted by jameslee84 > 2021-01-06 14:55 | Report Abuse

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

Posted by William Ng > 2021-01-06 21:23 | Report Abuse

still dont understand..

Posted by beinvested > 2021-01-07 09:55 | Report Abuse

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.

Posted by beinvested > 2021-01-07 10:02 | Report Abuse

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

Posted by beinvested > 2021-01-07 10:28 | Report Abuse

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.

Posted by intpage > 2021-01-09 11:20 | Report Abuse

Fantastic. Clear and concise.