Breaking News: [Singapore Stock Alert] Dividend Payment Details Announced – Is Your Shareholding Entitled?

Key Points to Note for Shareholders

In a recent announcement, the company revealed crucial details regarding the proposed first and final one-tier tax-exempt dividend for the financial year ended December 31, 2024. Here are the key takeaways:
The proposed dividend is 4 cents per ordinary share.
The Transfer Books and Register of Members will be closed on May 8, 2025, at 5:00 p.m. to determine shareholders’ entitlements.
Duly completed transfers received by the Company’s Share Registrar up to 5:00 p.m. on May 8, 2025, will be registered to determine shareholders’ entitlement.
Members whose securities accounts with the Central Depository (Pte) Limited (“CDP”) are credited with the shares as at 5:00 p.m. on May 8, 2025, will be entitled to the proposed dividend.

Important Dates for Shareholders to Remember

The following dates are crucial for shareholders to note:
April 29, 2025: The Annual General Meeting (AGM) will be held on this date, where the proposed dividend will be put to a vote.
May 8, 2025: The Transfer Books and Register of Members will be closed at 5:00 p.m. to determine shareholders’ entitlements.
May 23, 2025: The proposed dividend will be paid to entitled shareholders.

Price-Sensitive Information

The proposed dividend of 4 cents per ordinary share may attract income-seeking investors, potentially leading to increased buying activity and a positive impact on the share price. Conversely, if the proposed dividend is not approved at the AGM, it may lead to a negative reaction from investors.

What Shareholders Need to Know

To be entitled to the proposed dividend, shareholders must ensure that their securities accounts with the CDP are credited with the shares as at 5:00 p.m. on May 8, 2025. Shareholders who have not yet received their dividend payment or have any questions should contact the Company’s Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd.

Company Details

For those who may be interested in learning more about the company, here are the key details:
Address: 50 Cuscaden Road #08-01, HPL House, Singapore 249724
Tel: (65) 6734 5250
Fax: (65) 6732 0347
CO. REG. NO: 198000348Z
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Investors should do their own research and consult with a financial advisor before making any investment decisions. The information contained in this article is based on publicly available data and may not reflect the current market situation.

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