Naim to use RM90mil from land sale to give out dividends

Naim group managing director Datuk Hasmi Hasan (pic) told StarBiz recently that the company would use technology from an established Chinese IBS manufacturer in setting up the plant, which is expected to be operational early next year.

KUCHING: Naim Holdings Bhd intends to utilise RM90mil of the proceeds from the sale of industrial land in Bintulu for cash dividend payout to its shareholders.

This translates into a dividend per share of about 18 sen based on the company’s 500.74 million shares in issue (net of 13.06 million treasury shares), said Sarawak’s leading property developer as it provided details on how the proceeds from the land sale would be used in a filing with Bursa Malaysia on Thursday.