PacificMas declares tax-exempt dividend of RM2.405 a share

KUALA LUMPUR: PacificMas Bhd has declared a single tier tax-exempt special interim dividend of RM2.405 per share for the financial year ending Dec 31, 2012.

It said on Friday the dividend would go ex on June 13.

PacificMas the special dividend followed the completion of the proposed disposals of several companies on Thursday.

To recap, OCBC Capital (Malaysia) Sdn Bhd had on Oct 17 proposed to acquire 100% of Pac Lease Bhd, PB Pacific Sdn Bhd, PacificMas Fidelity Sdn Bhd and PacificMas Capital Sdn Bhd and 85% in Pacific Mutual Fund Bhd.

The purchase consideration would be RM450mil to be satisfied by the payment of RM164.23mil cash on completion and RM285.76mil as the amount due and owing by OCSB to PacificMas payable at a later date.

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