KUALA LUMPUR (Jan 28): Dufu Technology Corporation Bhd has refuted news reports published several months ago, that said the company would undertake a corporate restructuring exercise entailing a takeover by Inari Amerton Bhd.

“As at the date of this announcement, to the best of the knowledge and belief of the Board, the Board is not aware of any situation that would trigger potential corporate restructuring to DUFU Group.  

“We have not received any notice of takeover by Inari Amerton Bhd (Inari) or any related parties of Inari, or any other party /parties interested to acquire DUFU Group,” it said in a filing to Bursa Malaysia this evening.   

The company went on to stress that it “had not issued any statements to substantiate such rumours”.

Regarding its annual dividend payout, DUFU (fundamental 1.35; valuation 1.2) said the company has yet to make any decisions on the declaration of dividend, in respect of financial year ended Dec 31, 2014.

“We wish to clarify that the dividend will only be paid out of the operating profit of the company. However, the actual dividend proposed and declared may vary, depending on the financial performance, cash flow and funding requirements of DUFU Group,” it said.

DUFU closed 1 sen higher at 32.5 sen today, with a market capitalisation of RM52.64 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)