KUALA LUMPUR: Kulim (M) Bhd will pay RM1bil in dividends from the proceeds arising from the sale of its 48.97% stake in New Britain Palm Oil Ltd (NBPOL) to Sime Darby Bhd. This works out to 78 sen per Kulim share.
Kulim said the dividends were expected to be paid on a staggered basis over a period of two years to ensure a minimum stream of stable dividends payment to shareholders, and to encourage longer term investment in Kulim shares.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!