Icon proposes capital reduction, share consolidation

KUALA LUMPUR: Icon Offshore Bhd has proposed to reduce its issued share capital by RM830mil to eliminate the accumulated losses of the company and its group of subsidiaries.

In a filing with Bursa Malaysia yesterday, Icon also announced a proposed consolidation of every five existing ordinary shares in the company held by its shareholders.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

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Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Icon Offshore , consolidation , Warrants

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