SCGM shares dip on core business disposal plan

A worker attending the production machine at SCGM plant in Kulaijaya, Jojhor.

PETALING JAYA: Shares in SCGM Bhd fell after it announced plans to dispose of its entire core business.

Investors were not excited about the proposed disposal, seeing the plastic packaging company dishing out a special dividend of RM2.21 per share compared to its higher share price of RM2.38 before trading resumed.