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