IGB Corporation Bhd intends to distribute 77.7 million Kris Components Bhd shares, representing nearly 24% of IGB's stake in Kris, to IGB shareholders as a move for Kris to meet its public shareholding spread requirement.
Pursuant to the proposed distribution, the share premium account would be reduced by RM202.95mil to RM199.26mil, based on its audited position of RM402.2mil at Dec 31 last year.
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