Firm Update: Successful Completion of a Capital Reduction Exercise of up to RM52,000,000.00 for Edaran Berhad

Early this year, our Firm was engaged by Edaran Berhad, a company listed on the Bursa Main Market, as legal advisors in connection with the company’s proposed share capital reduction exercise. The exercise entailed the reduction of up to RM52 million of the issued share capital of the company via the cancellation of the company’s issued share capital, which is lost and unrepresented by available assets. The recent completion of the exercise means that the company is able to (amongst others) reduce its accumulated losses and enhance its credibility with stakeholders.

The engagement was led by our partner Rajvin Singh who, together with his team, facilitated the exercise right from conducting comprehensive due diligence in ensuring strict compliance with Bursa Main Market Listing Requirements to reviewing the circular to shareholders to addressing queries posed by the shareholders at the company’s EGM. This engagement underscores our firm’s expertise in handling intricate corporate exercises and our commitment to ensure our clients navigate the complex regulatory landscape with confidence.

For more information on how we can assist with your corporate legal needs, feel free to reach out to us at rajvin@rajvingill.com or +6012-6582798.

Details of the exercise when it was first announced can be viewed here: https://lnkd.in/dJjpnu2B