Compiled by TAN SIN CHOW, DIVYA THERESA RAVI AND R. ARAVINTHAN
KOPERASI Nesa Pelbagai Berhad (Nesa) has announced an 8% dividend payout and 20% additional shares for its members for 2024, Malaysia Nanban reported.
Its board chairman Datuk Shashi Kumar Pazhaniappan made the announcement during the cooperative’s 40th annual delegates convention and 50-year Golden Jubilee celebrations in Seremban on Sunday.
He said successful housing schemes in Rantau (Negri Sembilan), Bentong (Pahang) and Kluang (Johor) enabled Nesa to distribute nearly RM2mil to members.
The cooperative is also working to increase its holdings from about RM2.5mil to RM3mil while implementing projects in Selama (Perak), Labis (Johor) and other areas.
Shashi Kumar said Nesa had also acquired a hotel in Seremban and might run it directly in the future.
Currently, the business is leased to an operator.
He said the cooperative’s projects, together with strong support from shareholders and delegates, had allowed it to provide education assistance for members’ children.
The cooperative is also looking to start a medical insurance programme for its members, he added.
(The above articles are compiled from the vernacular newspapers (Bahasa Malaysia, Chinese and Tamil dailies). As such, stories are grouped according to the respective language/medium. Where a paragraph begins with a >, it denotes a separate news item.)
