PETALING JAYA: Shares in SCGM Bhd
fell after it announced plans to dispose of its entire core business.
Investors were not excited about the proposed disposal, seeing the plastic packaging company dishing out a special dividend of RM2.21 per share compared to its higher share price of RM2.38 before trading resumed.
Kenanga Research expects SCGM to be classified as a “cash company” following the proposed disposal.
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