Ranhill said the claimant, Wahtoting Holding Ltd, was appointed by RWTC to source for a party to acquire the interest in RWHK and for the said party to form strategic partnership with RWTC.
It said the agreement was conditional upon key performance indicators (KPI) being met by the claimant.
"However, the KPI were completely not met by the claimant.
"As such, we are of the opinion that the claimant has no merit and that the claim is frivolous and baseless.
"RWTC will engage a legal firm practising in China to represent itself against the claim," said Ranhill.
If less dividend can parents down the debt, by all means Ranhill must go ahead till gearing ratio is O.5. We don't like to be like Malakoff which has more than 1 of gearing ratio.
As outlined in the prospectus for our IPO, we promised our shareholders a targeted long-term dividend payout ratio of between 50% and 70% of the Group’s profit. Our desire to provide our shareholders with profitable returns on their investment is balanced against our pragmatism in making dividend payments from cash generated from our operations, upon setting aside necessary funding to sustain our future growth.
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....
foo99
167 posts
Posted by foo99 > 2017-11-02 09:27 | Report Abuse
IPO price: RM1.50, less than 2 year drop almost 50%.
hopeless