EX-date 06 May 2015 Entitlement date 08 May 2015 Entitlement time 05:00 PM Entitlement subject Interim Dividend Entitlement description First Interim Single-Tier Dividend of 12% per ordinary shares of RM1.00 each Period of interest payment to Financial Year End 31 Mar 2015
Business NewsHome › Business › Business News Goh Ban Huat declares 12 sen dividend
KUALA LUMPUR: Ceramic products manufacturer Goh Ban Huat Bhd (GBH), whose net profit fell 95% to RM241,000 in the financial year ended Dec 31, 2014, declared a first interim dividend of 12 sen per RM1 share on Tuesday.
The company will have to fork out RM22.3mil based on its 185.9 million shares.
The dividend will go ex on May 6.
GBH had RM58.4mil in cash and bank balances as at Dec 31, 2014.
It also recently sold freehold and leasehold lands in Kuala Lumpur with combined net land area of 13.9 acres plus the buildings erected on them for RM192.4mil to property developer Keladi Maju Bhd, whose major shareholders include GBH chairman Tan Sri Tan Hua Choon and GBH executive director Tan Han Chuan.
In its fourth quarter results announcement to Bursa Malaysia, the company had said the board expected the group’s existing business, mainly in the ceramic building materials industry, would remain challenging this year due to intense competition from alternative products and imports from lower-cost manufacturing countries.
In addition, profit margins were expected to continue to come under pressure for the foreseeable future in anticipation of higher natural gas and electricity tariffs.
“After careful deliberation on the future direction of GBH, the board is of the view that the proposed disposal of the group’s properties is in the best interest of the company as it represents an opportunity for the group to restrategise its financial and capital resources,” it said.
According to an earlier circular to shareholders dated Sept 15, 2014, most of the proceeds were to be used for its diversification into the oil and gas (O & G) sector via the proposed acquisition of a 100% equity interest in Dynac Sdn Bhd, which provides contract work, support products and services for the O & G industry, for RM632mil and of a 35% equity interest in Globalmariner Offshore Services Sdn Bhd (GMOS), which specialises in floating production storage and offloading solutions, for RM38mil.
However, GBH and the vendors decided to mutually terminate the Dynac acquisition on Sept 30 last year. Subsequently, on Oct 17, even the GMOS acquisition was unwound and it was no longer an associate company of the group.
The property disposals were, however, completed on March 30 this year.
-Latest result showed that netcash per share is around Rm1.13 (Diluted is around Rm1.00), accounted for 75.3% of its current share price.
-Declared a second interim dividend of 3 sen per RM1 share on Thursday. The dividend will go ex on June 12.
-Dividend yield is around ^10%^.( a first interim dividend of 12 sen plus a second interim dividend of 3 sen)
-Will cash rich company Goh Ban Huat (with PN16 cash-company status), with zero borrowing to become as a largest timepieces retain chain in Malaysia through reverse takeover (RTO) in future?
Previously, Tengku Adnan had admitted to being called in by MACC at least 12 times to have his statements recorded regarding several questionable land deals transacted by DBKL during his time as Federal Territories minister.
He has since claimed innocence to the allegations against him, explaining that he surrendered all of the ministry’s land matters to the then prime minister’s office when he was appointed as the minister in 2013.
Meanwhile, Tan, who has been referred to in past news reports as a “real estate tycoon”, is also the chairman of ceramic products company, Goh Ban Huat Bhd (GBH).
This fxxker should put in the jail, and let our income tax and audit ppl come in to check their account, check is it their profit is earn by sucking our rakyat money
Hey! Today, R-Table will be covering $PGLOBE(3611.MY) - Paragon Globe Berhad by presenting 10 years financial results in a short, fun & interesting way. Click the link below to watch the video.
SC only talk by mouth acting movie and will never take action ! This kind of manipulated account is always appears since cymao annum , euro , dataprp and latest pglove ! How many inexperienced greeedy investors been trapped to lost all their hard earned money ?? If want goreng earn fast money also choose a counter atleast with basic fundamental !
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Interim Dividend
GOH BAN HUAT BERHAD
EX-date 06 May 2015
Entitlement date 08 May 2015
Entitlement time 05:00 PM
Entitlement subject Interim Dividend
Entitlement description First Interim Single-Tier Dividend of 12% per ordinary shares of RM1.00 each
Period of interest payment to
Financial Year End 31 Mar 2015