KUALA LUMPUR, Oct 30 (Bernama) -- Cuscapi Bhd has proposed a share capital reduction (SCR) of up to RM190 million pursuant to Section 117 of the Companies Act 2016.
Cuscapi Proposes RM190 Mln Capital Reduction, 15 Pct Share Scheme
Cuscapi, share capital reduction, share issuance
BE Bernama 
Key takeaways
Cuscapi Bhd proposes a RM190 million capital reduction and a 15% share scheme to improve financial position and credibility.
- Cuscapi proposes RM190 million share capital reduction under Companies Act 2016.
- The company plans a 15% share issuance scheme for eligible persons.
- Proceeds from the share scheme will be used for working capital and project expenses.
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