the proposed Par Value Reduction will transfer Seventy-Five Centavos (P0.75) out of every One Peso (P1.00) in paid capital from the Capital Stock account to Additional Paid-In Capital. The resulting increased Additional PaidIn Capital balance may then be subsequently applied towards the reduction or elimination of the Corporation’s Deficit via a quasi-reorganization.
the plot thickens ....
previous posts on sino:
- stok tots: sino (10 may 2013)
- a stock pick for 2014 (27 apr 2013)