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MMAG proposes RM130mil capital reduction to erase accumulated losses

KUALA LUMPUR: MMAG Holdings Bhd has announced a proposed share capital reduction of up to RM130 million to eliminate its accumulated losses and rationalise its financial position, M&A Securities Sdn Bhd, acting as the principal adviser to the group, announced on Sept 22.

MMAG proposes RM130mil capital reduction to erase accumulated losses

We haven't written up this one. New Straits Times has the full story — the link below goes straight to it.

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