TFP Solutions proposes capital reduction exercise

TFP Solutions Bhd has proposed to undertake a capital reduction exercise to reduce its share capital by RM17.5 million to rationalise its statement of financial position by eliminating the group’s accumulated losses of RM16 million.

In a filing to the local bourse yesterday, TFP noted the housekeeping exercise of its finances will see it remaining share capital standing at RM3 million not taking into consideration outstanding warrants are exercised.