Bonus Dividend and Right Issue exercise
The Board announced on 29 June 2007 that the Company would declare and pay an interim cash dividend for the financial year ending 31 December 2007 of S$0.1829 less tax of 18% (or S$0.15 net) per ordinary share of the Company and carry out a renounceable non-underwritten right issue of 38,617,500 Shares of the Company at an issued price of S$0.30 for each Right Share, on the basis of one Right Share for every two Shares. The shareholders have an option to elect to utilize the net bonus dividend to subscribe for the Right Shares.
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