Lafarge Malayan Cement plans capital return

Lafarge Malayan Cement plans capital return
Published: 31 January 2007

Lafarge Malayan Cement Bhd is planning a capital repayment of up to RM566.5m to its shareholders, the firm said yesterday.

Lafarge Malayan Cement, controlled by French building materials company Lafarge, said it would return 20 sen for each share owned through the reduction in the par value of its shares, and expected the plan to be completed by the third quarter of this year.

The firm also plans to consolidate its paid-up share capital on the basis of three shares of one ringgit each for every 10 shares of 30 cents each, after the capital repayment.