Hi DailyA Share Capital reduction is purely an accounting...

Hi Daily

A Share Capital reduction is purely an accounting transaction on the Balance Sheet that will reduce Capital Losses and Equity at the same time.

There will be no share buyback, cancellation of share or issuance of new shares. It will be another accounting transaction. Where others have applied the same transaction, there were no losses incurred. This will purely allow Coffey International to pay fully franked dividends, in time.

Here are some more references about the rules they will be processing:
http://www.asic.gov.au/asic/asic.nsf/byheadline/Reduction+in+share+capital?openDocument

Best of Luck
Lost