Cuscapi proposes share capital reduction of up to RM 190 million to offset accumulated losses

Bitget2026/10/30 09:13

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Cuscapi will seek shareholder approval at an extraordinary general meeting for a share capital reduction of up to RM 190 million.
The reduction will offset accumulated losses without changing share counts or making payments to shareholders.
Shareholders will also vote on a share issuance scheme covering up to 15% of issued shares, excluding treasury shares, for eligible personnel.
Directors and senior management may receive up to 80% of scheme shares.
The board recommends supporting the proposals, with directors abstaining from recommendations on their own allocations and those of connected persons.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cuscapi Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3720698) on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cuscapi proposes share capital reduction of up to RM 190 million to offset accumulated losses

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