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Stock
2020-08-07 16:27 | Report Abuse
its only 2 cents per share at 90 cents. 2.2%... how much is the target price for this counter? will election boost this share?
Stock: [NAIM]: NAIM HOLDINGS BHD
2020-08-07 22:33 | Report Abuse
Sorry. My mistake in reading. It’s 18 cents.
KUALA LUMPUR: Shares in Naim Holdings Bhd rose in early trade following its plan to use RM90mil from land sale as dividend.
The property developer rose 2.27%, or two sen to 90 sen, its highest in two weeks, with 1.86 million shares done.
The group intends to utilise RM90mil of the proceeds from the sale of industrial land in Bintulu for cash dividend payout to its shareholders.
This translates into a dividend per share of about 18 sen based on the company’s 500.74 million shares in issue (net of 13.06 million treasury shares).
Naim said the cash dividend is to reward shareholders for their investment and continued
support of the group.
On July 17, Naim’s wholly-owned subsidiary, Petrochemical Hub Sdn Bhd had entered into a sale and purchase agreement (SPA) with Sarawak Economic Development Corporation (SEDC) for the proposed disposal of two parcels of vacant land with a total area of approximately 405.6 hectares in Bintulu, Sarawak for RM340mil.