PETALING JAYA: Sam Engineering & Equipment (M) Bhd’s largest shareholder, Temasek Holdings (Pte) Ltd, has converted the bulk of its loan stocks in the company, which raises the prospect of a decline in the dividend per share of SAM Engineering.
Temasek converted 83.03 million irredeemable convertible unsecured loan stocks (Iculs) into 39.54 million new shares in SAM Engineering yesterday.
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