CCB is understood It is understood to be mulling a special dividend or capital repayment, which could be announced to Bursa Malaysia by the middle of May 2008.
A board meeting slated for early May 2008 will discuss some details of the payment, which have yet to be ironed out, and finalise the salient features of the repayment plan.
Sources say a payment of about 50 sen per share is being contemplated, which works out to a lump sum of about Rm50.3 million to the SSB shareholders.
As at end Dec 2007, CCB had about RM13.4 million in cash and bank balances, while the company’s trade receivables stood at RM67.9 million.
Why Capital Repayment?
It is further understood that CCB is considering it because there are little prospects to significantly grow its franchise for Mercedes-Benz vehicles locally, on the back of rising competition and thinning profit margins.
CCB’s free cash flow per share is in the region of 70 plus sen a share, and since there is very little capital expenditure, there is no reason for CCB to hold on to the surplus cash.
It is also noteworthy that the repayment plan comes on the back of CCB streamlining its businesses in the wake of the operating environment becoming more competitive with steel prices soaring and margin thinning.
Since Sept 2007, the company had been streamlining its business and divested several non-core assets. It also discontinued its distribution of Peugeot vehicles in Malaysia.
Other cost cutting measures taken by the company include reducing the size of its board of directors.
历史不应该偏颇!
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你不敢想象有些国家在历史教育课本上,为了迷惑人民什么都敢寫,
1) 韓国在历史课本述说有五至八千年的文化,原来他们把神话故事的传说当是祖先,大家可从网上瞭解一下。
2) 日本把二战期间侵略的历史也从未在他们的历史書上出现过,还把战犯供起来参拜。
以此类推,中国把神话故事的人物搬出来,什么万年天帝、千年老妖、道尊、...
6 hours ago
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