PETALING JAYA: Vizione Holdings Bhd
is proposing a share capital reduction of up to RM500mil to offset its accumulated losses and strengthen its financial position.
In a filing with Bursa Malaysia, the construction and property development firm said the exercise will involve the cancellation of share capital that is lost or unrepresented by available assets, with the full RM500mil credit arising from the reduction to be used to offset its accumulated losses.
