KUALA LUMPUR, Sept 29 (Bernama) -- DGB Asia Bhd, a software and engineering solutions company, proposes to undertake a capital reduction exercise via the cancellation of its issued share capital, which is lost and unrepresented by available assets of RM197 million.
In a filing with Bursa Malaysia, the company said the corresponding credit of RM197 million arising from such cancellation would be used to set off against the accumulated losses of the company.
As at Sept 10, 2025, the total issued share capital of the company is RM240,336,110, comprising 278,243,279 ordinary shares.
It also said it has 52,272,900 outstanding share issuance scheme (SIS) options and that the board has undertaken not to grant any further SIS options until the completion of the proposed capital reduction.
"The proposed capital reduction will enable the company and the group to rationalise their financial positions by reducing the accumulated losses of the company.
"This is expected to enhance both the company’s and the group’s credibility with, among others, its bankers, customers, suppliers, and investors," said DGB Asia.
The proposed exercise will not have any material effect on the group’s earnings and earnings per share for the financial year ending Dec 31, 2025, the company said.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
