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Further to my article on the reasons for capital reduction,append below is an example to drawn upon: Pan Malaysian Industries proposes 90% capital reduction:- Pan Malaysian Industries Bhd (PMI) has proposed a 90% capital reduction as part of a capital reconstruction exercise to set off its accumulated losses totalling RM1.34 billion. The company,a [...] Majors Reasons For Business or Companies to fail In my corporate restructuring articles,we see a considerable number of listed companies failed in their business venture. Some really are big entities which have many different businesses units and/ core businesses. So why did these companies failed? Tabulated [...] As MAS is our Malaysian national carrier,much attention has been focused on its re-structuring. Append below a round up of what’s happening in MAS from the various papers’ reports: Malaysian Airline System Bhd (MAS) will release over 6,000 employees by 2008
(Source:The Edge Daily,6/7/2006) Reported in The Star: “KUB Malaysia Bhd,a listed company may consider selling off its building here,which is one of the five strategic thrusts it has formulated to return to profitability. The five(5) strategies listed by KUB Bhd’s top management that form the blueprint for transformation are:- immediate divestment of non-strategic businesses,earmarking companies [...] In my previous articles,privatization scheme,divestitures,carve-out,hive off were mentioned. Now,we touched on to another corporate re-structuring which is called Hiving-down. So what is Hiving-down? It is the transfer of a business from an insolvent company owning it to a new subsidiary which is specially [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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