Monetisation exercise: The disposal is expected to be completed in the first quarter of 2017.
PETALING JAYA: Ekovest Bhd
plans to make a special payout to shareholders of up to RM244mil, or 25 sen a share, if the company’s proposal to sell a stake in its highway to the Employees Provident Fund (EPF) materialises.
The proposed distribution is equivalent to 10.6% of Ekovest’s share price, which closed at RM2.35 yesterday. It intends to pay the one-time dividend within six months of completing the deal.
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!
