Requirements in relation to bonus issue

6.35

XYZ Bhd is considering a proposal to undertake a bonus issue. Based on its latest consolidated audited accounts, XYZ Bhd has share premium of RM200million and revaluation reserves of RM250 million (assuming that the surplus does not arise from revaluation of real estates). XYZ Bhd has accumulated losses of RM150 million. Can XYZ Bhd undertake a bonus issue?

Yes, XYZ Bhd can undertake a bonus issue provided that the amount to be capitalised for the bonus issue does not exceed RM300 million.

 

 ​