OTHERSAJINOMOTO (MALAYSIA) BERHAD ("AJI" or "the Company")
- Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature ("the Proposal")
KUALA LUMPUR: Ajinomoto (M) Bhd has declared a special single-tier dividend of RM2.12 following the proceeds from its land sale.
$AJI / 2658 (AJINOMOTO (MALAYSIA) BERHAD) - Kuchai Lama's RM408mil Disposal Completed, special dividend upcoming
As on 11 Mar, AJI official announced that its Jalan Kuchai Lama land disposal have been completed, which align with its highlight in the quarter report announced at the end of February.
Reasonably, the company should announce special dividend up to RM2.12 per share sooner or later.
At today closing price of RM18.96, the special dividend will be equivalent to around 11.2% dividend yield.
Limited downside, potential upside special dividend play?
1/3
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSAJINOMOTO (MALAYSIA) BERHAD ("AMB" OR "COMPANY")
DISPOSAL OF 6 CONTIGUOUS PARCELS OF LANDS WITH REDEVELOPMENT POTENTIAL WHERE ERECTED UPON ARE VARIOUS BUILDINGS HELD UNDER LOT NOS. 6269, 49366, PT 22910, 47088, PT 4508 AND 22968 IN MUKIM OF KUALA LUMPUR, DISTRICT OF KUALA LUMPUR, FEDERAL TERRITORY OF KUALA LUMPUR FOR A CASH CONSIDERATION OF RM408,000,000 ("DISPOSAL")
@benghooi speaking of which, another special dividend play that is currently happening is $AJI / 2658 (AJINOMOTO (MALAYSIA) BERHAD) , there have been some sayings that the Kuchai Lama's land disposal occur faster than expected, which I believe contribute to its recent uptrend.
Thanks for sharing!
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSAJINOMOTO (MALAYSIA) BERHAD ("AMB" OR "COMPANY")
PROPOSED DISPOSAL OF 6 CONTIGUOUS PARCELS OF LANDS WITH REDEVELOPMENT POTENTIAL WHERE ERECTED UPON ARE VARIOUS BUILDINGS HELD UNDER LOT NOS. 6269, 49366, PT 22910, 47088, PT 4508 AND 22968 IN MUKIM OF KUALA LUMPUR, DISTRICT OF KUALA LUMPUR, FEDERAL TERRITORY OF KUALA LUMPUR FOR A CASH CONSIDERATION OF RM408,000,000 ("PROPOSED DISPOSAL")
CIRCULAR TO SHAREHOLDERS IN RELATION TO PROPOSED DISPOSAL OF 6 CONTIGUOUS PARCELS OF LANDS WITH REDEVELOPMENT POTENTIAL WHERE ERECTED UPON ARE VARIOUS BUILDINGS HELD UNDER LOT NOS. 6269, 49366, PT 22910, 47088, PT 4508 AND 22968 IN MUKIM OF KUALA LUMPUR, DISTRICT OF KUALA LUMPUR, FEDERAL TERRITORY OF KUALA LUMPUR FOR A CASH CONSIDERATION OF RM408,000,000
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONSAJINOMOTO (MALAYSIA) BERHAD ("AMB" OR '"THE COMPANY")
- Variation between Estimated Value and Actual Value of Recurrent Related Party Transactions of a Revenue or Trading Nature ("RRPT")
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSPROPOSED DISPOSAL OF 6 CONTIGUOUS PARCELS OF LANDS WITH REDEVELOPMENT
POTENTIAL WHERE ERECTED UPON ARE VARIOUS BUILDINGS HELD UNDER LOT/PT NOS. 6269,
22968, 49366, 22910, 47088 & 4508 IN MUKIM OF KUALA LUMPUR, DISTRICT OF KUALA LUMPUR,
WILAYAH PERSEKUTUAN KUALA LUMPUR FOR A CASH CONSIDERATION OF RM408,000,000 ("PROPOSED DISPOSAL")
Circular to Shareholders in relation to the Proposed Renewal of Existing Shareholder Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Ajinomoto (M) Bhdis disposing of six parcels of land in Kuala Lumpur to Paragon TSL Sdn Bhd for RM408mil.
KUALA LUMPUR: Ajinomoto (Malaysia) Bhd (AMB) is selling six parcels of land with redevelopment potential in Kuala Lumpur for RM408 million and proposing to pay out a special dividend of RM2.12 a share with the proceeds.
© New Straits Times Press (M) Bhd