<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on April 13, 2017</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Aluminium Company of Malaysia Bhd (Alcom) has proposed a capital reduction and repayment exercise to improve its capital structure.</p></div>

<div class=newsTextDataWrapInner><p>The group wants to cancel its share capital by up to RM42.99 million, reducing its share capital from RM142.44 million to between RM99.46 million and RM100.12 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>What is to be cancelled will be distributed to Alcom’s shareholders through a cash distribution of 32 sen per share. It intends to fund the repayment through external borrowings.</p></div>

<div class=newsTextDataWrapInner><p>“The proposed capital repayment forms part of Alcom’s capital management strategy, which seeks to achieve a more efficient capital structure.</p></div>

<div class=newsTextDataWrapInner><p>“After taking into consideration the current financial standing, future financial obligations and operational requirements of Alcom and its subsidiary, the board proposes to undertake the proposed capital repayment which is also intended to reward the shareholders of Alcom for their continuous support towards &nbsp;[the] Alcom group,” said Alcom in a bourse filing.</p></div>


KUALA LUMPUR: Aluminium Company of Malaysia Bhd (Alcom) has proposed a capital reduction and repayment exercise to improve its capital structure.

The group wants to cancel its share capital by up to RM42.99 million, reducing its share capital from RM142.44 million to between RM99.46 mil...

Alcom proposes capital reduction, repayment of 32 sen per share

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