Credit Bureau Asia to return 20.7 million Singapore dollars through capital reduction

SGX Filings
2025/11/12

Credit Bureau Asia Limited said on Nov, 12 2025 that its board will seek shareholder approval to carry out a capital reduction and cash distribution of 0.09 Singapore dollars per share, amounting to about 20.7 million Singapore dollars.

Under the plan, the company will cut its issued and paid-up share capital to 14.38 million Singapore dollars from 35.05 million Singapore dollars, without changing the number of issued shares. The proposed payout will be funded entirely from surplus capital and will be distributed to shareholders on a record date to be announced later.

Management said the exercise is aimed at creating a more efficient capital structure while retaining sufficient funds for operational needs. Post-transaction, pro forma net asset value per share would fall to 0.0866 Singapore dollars from 0.1764 Singapore dollars, while return on equity would rise to 33.4% from 24.8%.

The proposal requires approval by at least 75% of votes cast at the forthcoming annual general meeting and the directors must file solvency statements and other documents with the Accounting and Corporate Regulatory Authority. No director or substantial shareholder has a vested interest in the move beyond their shareholdings, the company added.

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