helo, An EGM on this is called on 18/2/14. Circular has already been send to shareholders. Shareholders will give the approval for the split and bonus, after which the BOD will set the Ex date. We should know the ex dat latest by end of this month, going by previous situations.
On bursa website. Mean bonus and split approved. Total dividend 0.23 cents + bonus issue. Not that bad right.
EGM - Outcome of Meeting The Board of Directors of Hup Seng Industries Berhad ("Company") is pleased to announce that all resolutions as set out in the Notice of Extraordinary General Meeting of the Company dated 24 January 2014 and tabled at the Extraordinary General Meeting held today, had been duly passed by the shareholders of the Company.
Finally. Their products will be well received by the bigger population (10x Malaysia's) You need a much bigger factory there and for beyond Indo Fast forward, whats your opinion?
Hup Seng plans to build plant in Indonesia Biscuit maker Hup Seng Industries Bhd plans to set up a manufacturing plant in Indonesia within the next two to three years as part of its expansion plan. Chairman Datuk Keh (Kerk) Chu Koh said it had received business proposals from several Indonesian companies and businessmen to set up operations in the republic.He said among the proposals were from medium-sized biscuit and confectionery manufacturers that lacked capital to expand their business. "Others include big investors with strong financial support but do not have experience in biscuit making," Keh told StarBiz after the company's EGM on Tuesday. At the EGM, shareholders approved the proposed share split involving the subdivision of every one existing share into five sub-divided shares held by entitled shareholders. (Starbiz)
Interim Dividend HUP SENG INDUSTRIES BERHAD EX-date 27/03/2014 Entitlement date 31/03/2014 Entitlement time 04:00:00 PM Entitlement subject Interim Dividend Entitlement description Interim Dividend of 5 sen per ordinary share of RM0.50 each and Special Dividend of 3 sen per ordinary share of RM0.50 each under single tier system
After the dividend, share split and bonus, lets hope that their expansion plans will go ahead. Then if we read back whats written in this thread, history will repeat once again.
Firebird Yup rite, price will adjust. Also please check that, exactly 5 years ago 1/1/2009, Hupseng was Rm0.64 per share, today? Rm6.42. Dividends for the last 5 years 2009-21.5c 2010-12.0c 2011-25.0c 2012-30c 2013-15c (1st Int) Total (5yrs) Rm1.035 01/01/2014 16:54
Firebird Just checked. It was a share split 2:1 in 2010. One share @ Rm1.00 into two share @ Rm0.50. Now we can see how much shareholders have benefited. If you have bought 1000 shares @Rm0.64 cost Rm640 in 1/1/2009 (5yr ago), and split in 2010, means you are now holding 2000 shares, and at todays price of Rm6.42, its worth Rm12,840
5 years ago, no one wants to be concerned with a confectionary business, but for the lucky ones, on 1/1/2009, abt 5 years ago, if they had put in Rm640k, (6.90x2), now its Rm13,800,000. And once split, history will repeat again.
For all, the dividend is already declared and will Ex on 27/3/14. Split/Bonus is proposed. Circular sent to shareholder - 24/1/14 Next approval needed from Bursa Next EGM Next declared split/bonus date. Worth to wait just need some patience, enjoy the dividends first
Gji Gan, yes its good to hold. If you read thro the post that I made in this thread, you can understand better. I am not sure which direction it will go immediately after the split, but think long term benefits most of the silent shareholders here. Only they will understand perfectly how much they have made in the past. After all the split/bonus, I am sure the management will work on the expansion to Indonesia. Five years from now, perhaps it will reach Rm6.60 again?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ratna NinjaGal
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Posted by Ratna NinjaGal > 2014-01-26 00:29 | Report Abuse
Ninja says greatshark yum yummy
wakakaka