KUALA LUMPUR (March 22): Sunway Bhd has set its dividend reinvestment plan issue price at RM1.38 per share in regard to its single-tier second interim dividend announced on Feb 23.
The entitlement date has been fixed for April 5, while the expected date for the allotment and issuance of the new shares, as well as payment of the cash dividend to shareholders, is May 5.
Sunway announced a second interim dividend of 3.5 sen per share for the financial year ended Dec 31, 2022.
Shareholders were given the option to reinvest a portion of the second interim or two sen per share into new shares to be issued.
At the midday break on Wednesday (March 22), shares in Sunway were up one sen or 0.65% at RM1.56, valuing the group at RM7.7 billion.