Cuscapi proposes share capital reduction of up to RM 190 million to offset accumulated losses
Bitget2026/10/30 09:13- Cuscapi will seek shareholder approval at an extraordinary general meeting for a share capital reduction of up to RM 190 million.
- The reduction will offset accumulated losses without changing share counts or making payments to shareholders.
- Shareholders will also vote on a share issuance scheme covering up to 15% of issued shares, excluding treasury shares, for eligible personnel.
- Directors and senior management may receive up to 80% of scheme shares.
- The board recommends supporting the proposals, with directors abstaining from recommendations on their own allocations and those of connected persons.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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