currently kuchai share is PN16 but it have also dividend. they split the share to part you get sbagan and retain same kuchai share but at lower value due to cost for allocating sbagan share.
effectively also for now you keep the kuchai share until 12th you get additional 20 cent dividend which is 21% return for share which is very high, partially also for directors to avoid dividend tax next year.
Unsure of what next step of Kuchai as they are now cash rich company so need for plan for new core business to remove PN16
Stock: [KUCHAI]: KUCHAI DEVELOPMENT BHD
5 hours ago | Report Abuse
currently kuchai share is PN16 but it have also dividend. they split the share to part you get sbagan and retain same kuchai share but at lower value due to cost for allocating sbagan share.
effectively also for now you keep the kuchai share until 12th you get additional 20 cent dividend which is 21% return for share which is very high, partially also for directors to avoid dividend tax next year.
Unsure of what next step of Kuchai as they are now cash rich company so need for plan for new core business to remove PN16