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Dutch Lady in no plans for share split
by hlk Wed 29 May 2013, 14:24
Leong Hung Yee
PETALING JAYA: Dutch Lady Milk Industries Bhd has no plans to embark on any corporate exercise to split its shares despite its high share price.
Managing director Rahul Colaco said on the other hand, the company is looking to invest RM20mil to further enhance its capacity.
The dairy company is compelled to raise prices on some of its key products by 5% due to high raw material prices.
It had promised to return 50 sen per share to shareholders twice a year.
PETALING JAYA: Dutch Lady Milk Industries Bhd has no plans to embark on any corporate exercise to split its shares despite its high share price.
Managing director Rahul Colaco said on the other hand, the company is looking to invest RM20mil to further enhance its capacity.
The dairy company is compelled to raise prices on some of its key products by 5% due to high raw material prices.
It had promised to return 50 sen per share to shareholders twice a year.
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