Kulim (M) Bhd will pay RM1bil in dividends from the proceeds - TopicsExpress

Kulim (M) Bhd will pay RM1bil in dividends from the proceeds arising from the sale of its 48.97% stake in New Britain Palm Oil Ltd (NBPOL) to Sime Darby Bhd. This works out to 78 sen per Kulim share. Kulim said the dividends were expected to be paid on a staggered basis over a period of two years to ensure a minimum stream of stable dividends payment to shareholders, and to encourage longer term investment in Kulim shares. Kulim shares closed nine sen higher at RM3.39 yesterday. In a filing with Bursa Malaysia, Kulim said it expected to gain RM1.56bil from the sale of its 48.97% stake NBPOL. Kulim said it was selling its stake at £7.15 (RM37.47) a share to Sime as there was no superior offer from other parties for its stake. “For illustrative purposes only, based on the latest audited consolidated financial statements of Kulim group as of Dec 31, 2013 and on the assumption that the proposed disposal had been effected on that date, Kulim expects to realise a gain on disposal of approximately RM1.56bil to Kulim group,” it said.

مواعيد البرامج الدينيه فى #رمضان 2013

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