Key Points
- Keppel Offshore & Marine Limited (Keppel O&M), through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), has acquired a 27.77% stake (250,000,000 shares) in topside module fabricator Dyna-Mac Holdings Ltd (Dyna-Mac) via an equity placement.
- This follows Dyna-Mac’s successful listing on the main board of Singapore Exchange Securities Trading Limited (SGX).
- KSI’s total investment is S$87.5 million based on the invitation price of 35 cents per share.
- The equity placement, through its investment vehicle KSI, is part of a collaboration between Keppel Shipyard (a wholly-owned subsidiary of Keppel O&M) and Dyna-Mac to jointly pursue the topside module business beyond Singapore’s shores.
I want to share about Dividend payout ratios.
ReplyDeleteThe ratio of dividends paid to earnings generated, are at their lowest levels in years; and with healthy profit growth projections and high levels of cash balances, companies are well positioned to increase their dividend payments.
Singapore dividends