Announcement Details :
The “Dividend Policy” of the Company states the following:-
The Company intends to pay dividends of at least 30% of its consolidated profits after taxation attributable to shareholders and endeavors to progressively increase the payout ratio over a period of time, subject to a number of factors including business prospects, capital requirements and surplus, growth/expansion strategy, considerations for non-recurring items and other factors considered relevant by the Board.
As the Company is a holding company, its income, and therefore its ability to pay dividends, is dependent upon the dividends received from its subsidiaries, which in turn would depend on the subsidiaries’ distributable profits, operating results, financial condition, capital expenditure plans and other factors that the respective subsidiaries’ Board deem relevant.
Whilst the dividend policy reflects the Board’s current views on the group’s financial and cash-flow position, the dividend policy will be continuously reviewed from time to time. It is the policy of the Board, in recommending dividends, to allow shareholders to participate in the Company’s profits, as well as to retain adequate reserves for future growth.
This announcement is dated 25 August 2010.
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