Goldis plans capital distribution

KUALA LUMPUR: Goldis Bhd has proposed to distribute its entire equity interest in IGB Corp Bhd via its wholly-owned subsidiary Steady Paramount Sdn Bhd to shareholders via a capital distribution. Goldis said shareholders, will be entitled to receive one ordinary share of RM1.00 each in Steady Paramount for every 10 ordinary shares held in Goldis. Steady Paramount has about 30.59 per cent stake in IGB Corp. Shareholders who do not wish to receive Steady Paramount shares can elect to receive cash of RM1.72 for each Goldis share held.