KUALA LUMPUR: Shares in Naim Holdings Bhd
rose in early trade following its plan to use RM90mil from land sale as dividend.
The property developer rose 2.27%, or two sen to 90 sen, its highest in two weeks, with 1.86 million shares done.
The group intends to utilise RM90mil of the proceeds from the sale of industrial land in Bintulu for cash dividend payout to its shareholders.
This translates into a dividend per share of about 18 sen based on the company’s 500.74 million shares in issue (net of 13.06 million treasury shares).
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