KUALA LUMPUR: Ahmad Zaki Resources Bhd
(AZRB) has proposed a corporate exercise involving reducing its paid-up share capital and a rights issue with warrants to reduce the accumulated losses at the company level.
It had on Wednesday proposed to reduce the paid-up share capital by cancelling 25 sen from each 50 sen share and a renounceable rights issue of up to 207.7million new shares with 103.85 million free warrants.
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