Dividend - Normal or Special

[HSPLANT] First Interim Dividend on 12-Sep-2019

Announcement Date: 28-Aug-2019
Related Stock:
HSPLANT
HAP SENG PLANTATIONS HOLDINGS
Share Registrar:
HSPLANT
HAP SENG PLANTATIONS HOLDINGS
FY: 31-Dec-2019
Amount

RM 0.005

  • Ex Date
    12-Sep-2019
  • Entitlement Date
    13-Sep-2019
  • Payment Date
    27-Sep-2019
Description
HAP SENG PLANTATIONS HOLDINGS announced a quarterly dividend of RM 0.005 per share. The dividend is payable on 27-Sep-2019, while the ex-date will be on 12-Sep-2019. This is lower than the previous dividend of RM 0.01 per share, with ex-date of 11-Mar-2019 and paid to the shareholders on 27-Mar-2019.

Ann. Date Ex Date Amount Payment Date

About HAP SENG PLANTATIONS HOLDINGS
Hap Seng Plantations Holdings Bhd is a Malaysia based palm oil plantation company. It is engaged in the planting and milling operations. The company operates in the palm oil industry where it grows oil palms in its estates, harvests and processes fresh fruit bunches into crude palm oil in its own mills and then sells it. It produces palm oil in Sabah with a total area of approximately 40,279 hectares located entirely in Sabah, Malaysia. The company operates four mills namely, Jeroco 1 palm oil mill, Jeroco 2 palm oil mill, Bukit Mas palm oil mill, and Tomanggong palm oil mill. The group has operations in Singapore and Malaysia of which key revenue is generated from Malaysia. Majority of the group sales were local delivered sales to refiners within Malaysia.

How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.

How to apply
No application is needed. Shareholders that fulfill the requirement above will receive the dividend in their registered bank account on the payment date automatically.

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