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Hot Stock Sime Darby rises 2% ahead of ex-dividend date
by Cals Mon 15 Apr 2013, 15:03
Hot Stock Sime Darby rises 2% ahead of ex-dividend date
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Monday, 15 April 2013 14:36
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KUALA LUMPUR (April 15): SIME DARBY BHD [] rose as much as 2.2% as investors accumulated shares of the diversified entity before the stock trades ex-dividend next week.
At 12.30pm, Sime Darby was traded at RM9.46 with some 4.4 million shares done after rising as much as 20 sen to RM9.49 earlier. The stock was the sixth-largest gainer across the bourse.
Sime Darby plans to pay an interim single-tier dividend of seven sen a share for current financial year ending June 30, 2013.
The stock will trade ex-dividend this April 23 while the dividend will be paid on May 10.
The advance in Sime Darby shares came amid news that its wholly-owned subsidiary Sime Darby Overseas (HK) Ltd has acquired the remaining 51% stakes each in Weifang Wei Gang Dredging Project Co Ltd (WF Dredging) and Weifang Wei Gang Tugboat Services Co Ltd (WF Tugboat).
Sime Darby which already owned 49% each in WF Dredging and WF Tugboat which offer marine-related services acquired the remaining stakes from Beijing Yintong Guoji Investment Advisory Co Ltd for a collective sum of RM25.63 million.
The acquisition has given Sime Darby full control of both WF Dredging and WF Tugboat.
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Monday, 15 April 2013 14:36
A + / A - / Reset
KUALA LUMPUR (April 15): SIME DARBY BHD [] rose as much as 2.2% as investors accumulated shares of the diversified entity before the stock trades ex-dividend next week.
At 12.30pm, Sime Darby was traded at RM9.46 with some 4.4 million shares done after rising as much as 20 sen to RM9.49 earlier. The stock was the sixth-largest gainer across the bourse.
Sime Darby plans to pay an interim single-tier dividend of seven sen a share for current financial year ending June 30, 2013.
The stock will trade ex-dividend this April 23 while the dividend will be paid on May 10.
The advance in Sime Darby shares came amid news that its wholly-owned subsidiary Sime Darby Overseas (HK) Ltd has acquired the remaining 51% stakes each in Weifang Wei Gang Dredging Project Co Ltd (WF Dredging) and Weifang Wei Gang Tugboat Services Co Ltd (WF Tugboat).
Sime Darby which already owned 49% each in WF Dredging and WF Tugboat which offer marine-related services acquired the remaining stakes from Beijing Yintong Guoji Investment Advisory Co Ltd for a collective sum of RM25.63 million.
The acquisition has given Sime Darby full control of both WF Dredging and WF Tugboat.
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