01-05-2014, 05:26 PM
Dividend Hermit Wrote:I vested at 86 cents and I always wanted to accumulate more. Anyone knows why they suddenly give dividends?
They have always been goving out dividend every year since 2007
I think what you are trying to say is the extra dividend coming May 14 xd.
Eatlier this year Tan Kong Sin (i think he was the CEO) pledged his shares to a financial institution, and probable for loan purpose.
He held about 9% of the company.
Anyways its Tan family held major shareholdings about 80%
Hence the best guess i conclude is he is drawing cash to pay for something. Perhaps a loan of sorts. The rest of the shareholders gain from extra cash too.