Ni Hsin Resources declares treasury shares

KUALA LUMPUR: Ni Hsin Resources Bhd is rewarding shareholders with an interim single tier dividend via a share dividend distribution of up to 24.39 million units of treasury shares.

This is the premium stainless steel cookware manufacturer’s first dividend in almost five years.

In a filing with Bursa Malaysia, Ni Hsin said the ex-date would be on Feb 22 and the entitlement date on Feb 26.

The treasury shares to be distributed under the share dividend will be credited into the entitled depositors' securities accounts maintained with Bursa Malaysia Depository on March 22.

The group last paid an interim dividend of 0.5 sen per share on Nov 13, 2014.

Ni Hsin said the treasury shares will be distributed on the basis of one treasury share for every 12 Ni Hsin shares held while fractions of treasury shares will be disregarded.

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