TMS proposes share capital reduction plan

PETALING JAYA: Internet-based applications and solutions provider The Media Shoppe Bhd (TMS) is proposing to undertake a proposed share capital reduction by the cancellation of five sen of the par value of its shares from its existing 10 sen.

The company will undertake a proposed share consolidation involving every two TMS shares of five sen each into one new TMS share of 10 sen each, after the proposed share capital reduction.