Companies with asset sales.
C&G: Proposed a dividend of up to about S$0.13, subject to conditions
E2-Capital: Company left with HK85cts, proposed a capital distribution of HK$0.67
Etika: Sold its manufacturing and distribution of condensed milk business to Asahi(Japan). Proposed to give some $$ as dividend, amount not stated. Asset after sales, S$0.445
K1 Ventures: Left with 1) China Auto Business, 2) some preferences shares from MMR share sales. 3) KUH Education. Total asset estimated to be abt 17-18cts.
Sunvic: Asset after sale is S$1.50, now trading at S$0.55, a steep discount. But no dividend was announced.
Second Chance: Disposal of properies worth S$175.3 million. 6% of the amount will be distributed as dividend, which is about S$0.0165. Asset after sales stands at 45.18cts
Jaya: Asset 21.5cts ( Est ), share price $0.19 on 23th June. In recent EGM, Jaya has approved a distribution of up to 16cts.
SHC Capital Asia: It has proposed to sell away its insurance business to a German insurance company. After which, SHC will comprise of cash 37.78cts. Upon completion of deal, SHC will distribute at least 30% of its cash back to shareholders.
Transcorp: declared a dividend of 12cts after disposal of its golf business
Longcheer: proposed a special dividend of $0.114 using companies cash, and a special dividend of $0.142 using the sale proceed. Both the dividend is subjected to the approval of sale of asset.
Comments