Mdr Limited · SGX:Y3D
Mdr — Shareholder Meeting (April 2019)
7 slides from Mdr's shareholder meeting presentation, Apr 29, 2019
Slide 1: Extraordinary General Meeting
Extraordinary General Meeting 29 April 2019
Slide 2: Proposed Capital Reduction
Proposed Capital Reduction Company intends to undertake a capital reduction exercise, pursuant to Section 78A read with Section 78C of the Companies Act, to reduce the share capital of the Company by the cancellation of share capital that has been lost or is unrepresented by available assets Acc
Slide 3: Proposed Capital Reduction
Proposed Capital Reduction The accumulated losses arose mainly from: (a) impairment of investments; (b) allowances for doubtful debts; (c) provision for contingent claims; (d) legal and professional fees paid for corporate exercises; and (e) losses incurred and accumulated, during the period of the
Slide 4: Rationale for the Proposed Capital Reduction
Rationale for the Proposed Capital Reduction Restructuring the finances of the Company. Serves to rationalise the balance sheet of the Company for it to be an accurate reflection of the value of its underlying assets, and thus the financial position of the Company Will facilitate future equity-r
Slide 5: Proposed Capital Reduction
Proposed Capital Reduction Proposed Capital Reduction will be effected in the following manner: (a) by reducing the Pre-Reduction Share Capital by the cancellation of share capital lost or unrepresented by available assets to the extent of S$94,219,774; and (b) thereafter by applying the amount of S
Slide 6: Q&As
Q&As (To be followed by poll) 6
Slide 7: Thank you
Thank you 7