KUALA LUMPUR (March 5): DENKO INDUSTRIAL CORPORATION [] Bhd has scrapped its plans to undertake a private placement of up to 10.44 million new shares of 10% of its paid-up share capital.
It said on Monday the board had decided not to go ahead with the corporate exercise due to the current market conditions.
However, it would go ahead with the proposed par value reduction and share premium reduction.
It said on Monday the board had decided not to go ahead with the corporate exercise due to the current market conditions.
However, it would go ahead with the proposed par value reduction and share premium reduction.
