KUALA LUMPUR: MBF Holdings Bhd's shareholders may see up to a total gross RM1 dividend declaration per share in the next two years as the group intends to dispose of more non-core businesses.
This is inclusive of the 40 sen franked dividend that shareholders would be rewarded with from the proceeds of RM623.4mil from the sale of MBF's subsidiary, MBF Cards (M) Sdn Bhd, to AMMB Holdings Bhd.
The group intends to pay out the remaining proposed 60 sen per share in the form of special dividends; dependent on the success of the sale of its non-core assets. “It is our intention to distribute special dividends whenever we sell off any assets,” MBF group chief executive officer Tan Sri Mogan Lourdenadin said.
price create new high today..i expected MBF can move 20% from highest(RM1.29) new TP RM1.55... new TP for warrant up 20% from highest (RM0.43)..New TP RM0.52...Angpow...
Selective capital reduction and repayment exercise pursuant to Section 64 of the Act involving the reduction of the issued and paid-up share capital of Impressive by way of cancellation of the issued and paid up capital represented by the Impressive Shares held by the Non-Interested Shareholders and payment of the Cash Amount to the Non-Interested Shareholders
Based on today volume, I think Tan Sri already accumulate more than 1% of MBF and more than 3% of WA today, give rise to its stake more than 88% and 95% of WA already.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
necro
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Posted by necro > 2012-09-14 15:43 | Report Abuse
http://biz.thestar.com.my/news/story.asp?file=/2012/9/14/business/20120914113405&sec=business