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Citaglobal proposes RM255mil capital reduction, share buy-back

PETALING JAYA: Citaglobal Bhd is proposing to reduce its issued share capital by RM255mil to eliminate accumulated losses and create retained earnings to facilitate a share buy-back of up to 10% of its issued shares.

The Star MalaysiaThe Star查看原文 ↗
Citaglobal提议减资2.55亿令吉,并回购股份

PETALING JAYA: Citaglobal Bhd is proposing to reduce its issued share capital by RM255mil to eliminate accumulated losses and create retained earnings to facilitate a share buy-back of up to 10% of its issued shares.

The group recorded accumulated losses of RM217.72mil as at June 30, 2026, mainly attributable to historical operating losses and impairment of investments in subsidiaries.

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