date:Sep 07, 2012
uction.
This is also subject to approval this time with at least 75% shareholder support and will see one FN share cancelled for every three held, at S$8.50 per cancelled share.
In a Singapore Stock Exchange release, FN said this meant that a shareholder with (for example), 1000 shares, would receive S$2,805, but retain a similar proportion of shares in FN thereafter.
The proposed distribution of the proceeds by way of capital reduction is a win-win as it achieves a more efficient capital st