Mega First financials intact despite dam collapse in Laos


Scomi Group Bhd surprised investors when it proposed to revise its current issued share capital reduction from RM224.96mil to RM3mil from the earlier RM40mil.

PETALING JAYA: Mega First Corp Bhd’s financials remain intact despite the recent collapse of a dam near the company’s hydroelectric power plant in Laos, according to its management.

“The board of Mega First wishes to announce that the incident is not expected to have a material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholdings of Mega First for the financial year ending Dec 31,” stated the company in a filing with Bursa Malaysia.

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Business , Mega First

   

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