Brief: Advanced Proposes To Undertake A Capital Reduction Exercise

Advanced Holdings

23/01/2024 14:41

Jan 23 (Reuters) - Advanced Holdings Ltd  ADVA.SI :
    * PROPOSES TO UNDERTAKE A CAPITAL REDUCTION EXERCISE
    * CAPITAL REDUCTION TO WRITE OFF ACCUMULATED LOSSES
AMOUNTING TO
S$15.2 MILLION AS AT 31 DEC 2022
    * CAPITAL REDUCTION PARTLY TO CANCEL ISSUED & PAID-UP SHARE
CAPITAL OF CO NO LONGER REPRESENTED BY AVAILABLE ASSETS
    * ON CAPITAL REDUCTION,  INTENDS TO MAKE CASH DISTRIBUTION
OF
23.20 SG CENTSPER SHARE HELD AS AT JAN 23

Source text for Eikon:  ID:nSNbzzGPS 
Further company coverage:  ADVA.SI 

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