do anyone explain what is this mean? are they issue new share issue instead of dividend in future?

9. PROPOSED RENEWAL OF GENERAL MANDATE FOR THE DIRECTORS TO ALLOT AND ISSUE
SHARES IN THE COMPANY PURSUANT TO THE DIVIDEND REINVESTMENT SCHEME

“THAT, pursuant to the Dividend Reinvestment Scheme as approved by the shareholders at
an Extraordinary General Meeting held on 19 June 2013, the Directors be hereby authorised
to allot and issue such number of new shares in the Company upon the election of
shareholders of the Company to reinvest the dividend pursuant to the Dividend
Reinvestment Scheme until conclusion of the next AGM upon such terms and conditions and
to such shareholders as the Directors may, in their absolute discretion, deem fit and in the
best interest of the Company PROVIDED THAT the issue price of the new Shares shall be fixed
by the Directors at not more than 10% discount to five (5)-Market Day volume weighted
average market price of the Company’s shares immediately prior to the price fixing date at
the material time.
THAT the new shares, shall upon allotment and issue, rank pari passu in all respects with the
existing shares, save and except that the new shares shall not be entitled to any dividends,
rights, allotments and/or any other distributions which may be declared, made or paid, the
entitlement date of which is prior to the allotment of the new shares issued pursuant to the
Dividend Reinvestment Scheme.
THAT the Directors of the Company be hereby authorise to do all such acts and things as are
necessary or expedient in order to give full effect to the Dividend Reinvestment Scheme with
full power to assent to any conditions, modifications, variations and/or amendments as may
be required by the authorities or as the Directors in their absolute discretion deem fit and in
the best interest of the Company.
AND THAT any Executive Director and/or Secretary of the Company be hereby authorised to
obtain the approval from Bursa Securities for the listing and quotation of the new shares to
be issued pursuant to the Dividend Reinvestment Scheme.”

28 may 18 AGM anyone going?

Mar 2017 qtr net profit rm38,984
Mar 2018 qtr net profit rm43,897

Actually the profit has gain, low eps due to bonus issue before and esos.

The company has good fundamental to support the price.

zcmeow http://www.sinchew.com.my/node/1745710/恒大置地派息47仙

1st interim dvd =rm0.03
Final dvd propose =rm0.047
Total rm0.077
Rm0.077 / share price rm0.83
Dvd yield= 9.27%

No bid price, but still got volume, they buying their own share themself...

Company propose buyback share, heard after buyback price will up, what is the procedure?