$Rex Intl (5WH.SG)$ Rex International plans to undergo a cap...
$Rex Intl(5WH.SG$
Rex International plans to undergo a capital reduction exercise to reduce accumulated losses. Specifically, the company plans to cancel some USD168.1 m in capital, but without reducing the share base. Under the proposal, the company's share capital would be reduced from USD257.7 m as of Dec 31 2021, to USD89.6 m.
https://www.theedgesingapore.com/news/company-news/rex-international-plans-capital-reduction-us1681-million
$RH PetroGas(T13.SG$ $AEM SGD(AWX.SG$ $Golden Energy(AUE.SG$ $Geo Energy Res(RE4.SG$
Rex International plans to undergo a capital reduction exercise to reduce accumulated losses. Specifically, the company plans to cancel some USD168.1 m in capital, but without reducing the share base. Under the proposal, the company's share capital would be reduced from USD257.7 m as of Dec 31 2021, to USD89.6 m.
https://www.theedgesingapore.com/news/company-news/rex-international-plans-capital-reduction-us1681-million
$RH PetroGas(T13.SG$ $AEM SGD(AWX.SG$ $Golden Energy(AUE.SG$ $Geo Energy Res(RE4.SG$
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Ong2ah : Hope this is good
AutumnRain : reduce capital without reducing number of shares, that will reduce the eps and nav isnt it?
that is bad.
UNCLE ELON : buy the bad news sell the good news