OTHERS LBI CAPITAL BERHAD ("LBI" OR "COMPANY") PROPOSED CAPITAL REORGANISATION
|LBI CAPITAL BERHAD|
LBI CAPITAL BERHAD ("LBI" OR "COMPANY") PROPOSED CAPITAL REORGANISATION
On behalf of the Board of Directors of LBI (“Board”), Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that the Company proposes to undertake the proposed capital reorganisation involving the reduction of the share premium account of LBI pursuant to the Section 60(2) and 64(1) of the Companies Act, 1965 (“Act”) and such credit will be utilised to fully eliminate the accumulated losses of LBI at the Company level (“Proposed Capital Reorganisation”).
Please refer to the attachment for the full announcement in relation to the Proposed Capital Reorganisation.
This announcement is dated 25 August 2016.
Please refer attachment below.
|Company Name||LBI CAPITAL BERHAD|
|Date Announced||25 Aug 2016|
|Category||General Announcement for PLC|