Those Starfishes may recall what Uncle8888 likes to talk on company's balance sheet during kopi session i.e. what is NOT commonly talk about among investment bloggers. Most of them like to shout dividend, dividend, and dividend!
Read? Hyflux to distribute shares in consumer business ahead of possible listing
As Hyfluxshop is at an early stage of growth, the distribution will also enable shareholders to enjoy the potential appreciation in value if and when the proposed listing happens, the company said. The pro forma net trangible assets value of each Hyfluxshop share is about 17.83 Singapore cents.
Based on the pro forma consolidated net tangible assets of the Hyfluxshop Group of about S$20 million as at Sept 30, the distribution will amount to a S$14 million payout to Hyflux shareholders. This will be taken from the company's retained profits, Hyflux said.
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