Tuesday, April 19, 2011

Emas Kiara declares special dividend 12c per 50c share

KUALA LUMPUR: EMAS KIARA INDUSTRIES BHD [] has declared a special tax exempt interim dividend of 12 sen per 50 sen for the financial year ending Dec 31, 2011.

The company said on Tuesday, April 19 the dividend was equivalent to 24% per share and it would go ex on May 19.

In November last year, Emas Kiara announced it was disposing of its business and subsidiaries for RM100 million to Tencate Geosynthetics Asia Sdn Bhd.

The disposal would include their geosynthetic manufacturing business comprising land and buildings, plant and machinery, equipment, spare parts, intellectual property rights, and goodwill.

Upon completion of the proposed disposal, Emas Kiara and the vendors would retain their business related to installation and engineering services of the products.

After the completion of the proposed disposal, Emas Kiara and the Vendors shall retain their business related to supply and installation and engineering services of the products and would still have contracts-in-hand to fulfill.

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