in Q3 2020 presentation
Hektar REIT Dividend Deferment during Moratorium Period
▪ Hektar REIT granted temporary deferment of interest / profit payment on financing facilities by
Malayan Banking Berhad and Maybank Islamic Berhad
▪ Moratorium Period for 6 months from 1 May to 31 October 2020
▪ Condition: no dividends to be paid to unitholders until full settlement of deferred interest / profit
payment on financing facilities
Hektar remains committed to paying 90% of distributable income in FY2020
▪ Management has discretion on dividend payment schedule

That means next quarter, HEKTAR need to declare rm15.9mil profit as dividend? (todate profit rm13m + assume Q4 4.5m) x90%. Which is rm0.345 per share (6% dividend yield at price 0.570)??.

0.17 is Dynaciate Engineering SB sold shares to Dynaciate Holdings SB. Same group.

No. of shares issued under this corporate proposal : 35,968,000

Biggest conversion, give company RM6,833,920

Choivo Capital
And to make things really interesting, all these payments since 2014, came from a single party.
Maksima Timur Sdn Bhd. (They also happen to own around 1% of Perak Transit shares).

I think this is normal in M'sia if the Company has the connections and ability to obtain approval, the Company can be rm2 registered company and earn the commission.

I wish to join. TQVM