EcoWorld International proposes RM500mil capital reduction to facilitate distribution target

KUALA LUMPUR: Eco World International Bhd has proposed to undertake a RM500mil reduction in its issued share capital, which will facilitate the group's dividend distribution target of up to RM504mil in 2024 and 2025.

Upon successful completion of the proposed capital reduction, the property developer said it intends to declare a first tranche of dividend amounting to at least RM144mil.