Another big one for Kimlun on MRT2 coming soon...see the award for MMC-Gamuda, almost double of MRT1. The tunnel is 42% longer than MRT1...expect TLS tender award should be higher than MRT1.
Sold most of my mother & son share as price is just right as I had been collecting it rather early when price is low. Now to reinvest into other counters.
Wild golden dragon on the rise again . ......fat hope . ....aiseh . Those who have patient make big money and l sold the warrant too early if not l will be laughing to the bank .
still under value... do your own research..u will find the answer...Graham Number 2.56<current price... I buy since April 2015(refer my post)... good business & prospect
KUALA LUMPUR (April 18): Kimlun Corp Bhd plans to establish a dividend reinvestment plan (DRP) as an option for shareholders to reinvest their dividends instead of receiving cash.
Kimlun said that subject to approvals, the DRP will be applicable to the 5.8 sen per share final dividend announced on Feb 26 for the financial year ended Dec 31, 2015 (FY15).
In a filing with Bursa Malaysia today, the company said it is not obliged to undertake the proposed DRP for every dividend declared.
"Unless the board has determined that the reinvestment option will apply to a particular dividend declared (whether in whole or in part), all future dividends will be paid wholly in cash to shareholders in the usual manner," it said.
Under a minimum scenario, the shares to be issued pursuant to the DRP could amount to 11.1 million shares worth RM5.5 million with an enlarged issued and paid-up capital of 311.6 million shares totalling RM155.8 million.
On a maximum scenario, the shares issued could amount to 13.3 million worth RM6.6 million with an enlarged issued and paid-up share capital of 374 million shares totalling RM187 million.
Kimlun said shareholders would benefit from new shares issued at a discount and free from brokerage fees.
It added that the DRP would also strengthen Kimlun's capital position to fund its working capital, capital expenditure and continuing expansion, and improve the share liquidity.
"The total cash proceeds from the proposed DRP cannot be ascertained at this juncture. Therefore, the time frame for utilisation of such cash proceeds cannot be determined.
"As at the date of this announcement, Kimlun has not identified any capital expenditure or expansion plan which requires the utilisation of the cash proceeds from the total cash reinvested from the proposed DRP," it said.
The implementation of the DRP on FY15 final dividend is expected to be completed by the third quarter of 2016, subject to shareholders' approval.
Kimlun closed five sen or 2.66% lower at RM1.83, giving it a market capital of RM550 million.
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supermix2
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Posted by supermix2 > 2016-04-01 01:40 | Report Abuse
Still a good counter to support as I did carry on collecting both mother & son.