Key ASIC Bhd plans to undertake a share capital reduction by the first quarter of 2019, which entails the reduction of RM46 million, largely to eliminate the company’s accumulated losses of RM45.71 million.
Key ASIC: Proposes capital reduction to eliminate accumulated losses. Key ASIC has proposed to undertake a share capital reduction, which entails the reduction of RM46m, to eliminate the company’s accumulated losses and any balance that will be credited to its retained earnings account. It said the proposed exercise will enable the company to rationalise its statement of financial position by eliminating its accumulated losses. “The elimination of accumulated losses in the statements of financial position of the company may enhance its credibility with customers, suppliers and investors,” said Key ASIC. Barring any unforeseen circumstances, the board expects the proposed share capital reduction to be completed by the 1Q of 2019. (The Edge)
who can explain this actually is good or bad any professional here can explain
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
junetan20
525 posts
Posted by junetan20 > 2018-10-03 12:18 | Report Abuse
i am out on 0.17
small fish, dun play with big guy.
although rugi also dun take risk