Special dividend may be on the cards for Coastal Contracts


PETALING JAYA: Coastal Contracts Bhd could offer a special dividend if its joint venture (JV) in Mexico successfully refinances its loan and repays the group at least US$155mil in the next two weeks.

The cash injection from the Mexican JV would see the net cash position of the provider of integrated energy services and infrastructure swell to about RM1bil or RM1.90 a share by the end of this year, RHB Research said in a report on the company.

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