Eco World International Bhd said its proposed RM1.5 billion capital reduction will cushion the business from accumulated losses and provide additional headroom for further declaration of dividends in the future.
In this case, Eco World said the move will cushion the business from accumulated losses and provide additional headroom for further declaration of dividends in the future. “The capital reduction will neither result in share price adjustment nor change the number of shares and cash flow, except for the estimated expenses related to the capital reduction exercise,” Wong said.
Source: Real Estate Daily Report (realestatedailyreport.net)
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