Supermax proposes one-for-65 share dividend

-A +A

KUALA LUMPUR (Sept 18): Supermax Corp Bhd announced today a share dividend to reward shareholders on the basis of one treasury unit for every 65 existing shares in the glove manufacturer.

In a statement to Bursa Malaysia today, Supermax said the proposed final dividend for financial year ended June 30, 2019 requires shareholders' approval at the company's annual general meeting.

"The proposed entitlement and payment dates for the share dividend shall be determined at a later date and announced accordingly," Supermax said.

At 12:30pm today, Supermax's share price settled down one sen or 0.63% at RM1.58. The stock saw 3.12 million shares traded.