SILK plans div­i­dend rein­vest­ment

New Straits Times - - Business -

KUALA LUMPUR: SILK Hold­ings Bhd (SHB) plans to un­der­take a div­i­dend rein­vest­ment plan (DRP) that gives its share­hold­ers the op­tion to rein­vest their cash div­i­dend(s) de­clared by SHB in new or­di­nary shares of the firm. It also an­nounced a pro­posal to seek share­hold­ers’ ap­proval for the author­ity to pur­chase up to 10 per cent of the firm’s is­sued share cap­i­tal as at the point of pur­chase. The net pro­ceeds from DRP will be utilised for fu­ture in­vest­ments and the gen­eral cor­po­rate and work­ing cap­i­tal re­quire­ments of SHB and units.

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