Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
"On 21 October 2024, we announced that Bursa Securities had approved the listing of and quotation for up to 4,991,095 new ICAP Shares on the Main Market of Bursa Securities pursuant to our Dividend Reinvestment Plan that applies to the Interim Dividend. We had also fixed the Issue Price that applies to the Interim Dividend at RM2.92 per ICAP Share and the Books Closure Date on 6 November 2024."
"On 21 October 2024, we announced that Bursa Securities had approved the listing of and quotation for up to 4,991,095 new ICAP Shares on the Main Market of Bursa Securities pursuant to our Dividend Reinvestment Plan that applies to the Interim Dividend. We had also fixed the Issue Price that applies to the Interim Dividend at RM2.92 per ICAP Share and the Books Closure Date on 6 November 2024."
In my opinion, shareholders who do not opt into the DRIP and instead take their dividends in cash will decrease their ownership percentage relative to those who reinvest, leading to dilution. The extent of this dilution will depend on how many shareholders choose to participate in the plan and how many new shares are issued as a result.
yup! i second.
Hibiscus is profitable and growth co. The best part of it is that the co is managed by a team of trustable mgt. Worth to buy and hold for long term capital appreciation
the price of the share 10 years ago is 2.24. now 3.21. 10 year annualised return is 4.33%. just slightly better than FD. you can achieve a better return just holding maybank shares for 10 years. don't be trapped by the NTA thing bcos it share price never trade at or near NTA for past 10 years and why should Mr tan liquidate the company bcos he is paid every year by running this company.
