Steelmaker plans capital reduction to pare losses


YKGI has manufacturing plants in Kuching and Selangor.

KUCHING: Flat steel products’ manufacturer YKGI Holdings Bhd is undertaking a capital reduction to offset its accumulated losses of more than RM10mil.

The company proposed reduction of its issued and paid-up capital,involving the cancellation of 40 sen from the par value of every existing ordinary share of 50 sen.

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Business , East Malaysia , ykgi

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