Home / Proposed Single Tier Final Dividend

Proposed Single Tier Final Dividend

The Company is pleased to announce that the Board had proposed the payment of a single tier final dividend of 7 sen per ordinary share for the financial year ended 31 December 2016 subject to the shareholders’ approval at the forthcoming Annual General Meeting of the Company.

 

The rate of the proposed final dividend is higher by 1 sen when compared with the rate of the final dividend declared in the previous financial year due to improved financial results of the Group as well as to comply with the Group’s dividend policy of paying 40% to 60% of the Group’s net profit attributable to the shareholders, excluding any valuation gain or loss on investment properties.

 

This announcement is dated 13 April 2017.

 

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