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Here are the key positive impacts of this capital reduction exercise:
· Financial & Accounting Impact: The company will eliminate RM195.36 million in accumulated losses. Post-exercise, it will have positive retained earnings (RM26.3 million at the company level and RM404.3 million at the group level), making the financial health look much stronger on paper .
· Dividend Potential: Before this, Perdana couldn't pay dividends due to accumulated losses. By clearing the deficit and creating positive retained earnings, the company enhances its ability to pay dividends to shareholders in the future .
· Corporate Perception: Management expects this to strengthen credibility with customers, financiers, and investors. It realigns the issued share capital with the company's actual financial position, which may improve access to financing for growth initiatives .
· Share Price Impact: There is no direct impact, but the market's perception of a healthier balance sheet and future dividend prospects could influence the share price over time.
· Operational Impact: None directly. The company continues its offshore marine services business as usual. This exercise fixes the past (losses) but doesn't change current operations or contracts .
A. The company’s issued share capital will be reduced from RM885.2m → RM285.2m after the exercise.
Thus, post‑reduction total equity ≈
Issued Capital (RM285.2m) + Retained Earnings (RM404.3m)
= RM689.5 million
B. Total Number of Shares
Following the most recent RCPS conversion (Jan 2026):
Total shares outstanding = 2,227,610,641 shares
C. Compute BVPS
BVPS=Total Equity/Shares Outstanding
BVPS=689,500,000/2,227,610,641≈RM0.3094
Post‑Capital‑Reduction Book Value Per Share ≈ RM0.31
This is important because market price (recent: RM0.165–0.17 range) is trading well below this estimated book value, implying a substantial discount to cleaned‑up equity.