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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » SEMB - X To Wipe Off Losses?

SEMB - X To Wipe Off Losses?

3 posters

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1SEMB - X To Wipe Off Losses? Empty SEMB - X To Wipe Off Losses? Thu Nov 17, 2011 1:55 pm

123longway


Senior Equity Analytic
Senior Equity Analytic


The Director Board of SMB Leasing PLC is to recommend to its shareholders to agree to wipe off the loss of Rs.636,419,321/= from its books.

I do not know how this could be done. Kindly, please enlighten me on the procedure.
What could be the advantages and disadvantages.? Why must a Company recommend such action to its shareholders.?



http://t.don.senaka@gmail.com

2SEMB - X To Wipe Off Losses? Empty Re: SEMB - X To Wipe Off Losses? Thu Nov 17, 2011 1:56 pm

econ

econ
Global Moderator

They probably reduce the stated capital from their reports.

3SEMB - X To Wipe Off Losses? Empty Re: SEMB - X To Wipe Off Losses? Tue Dec 13, 2011 6:08 pm

sisira.wijeweera


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

econ wrote:They probably reduce the stated capital from their reports.

that mean if some one hold this semb..woo16 share...investment lost....

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