MeGroup Ltd. Announces Interim Dividend Payment Details: Could This Affect Share Prices?

MeGroup Ltd. has disclosed crucial details regarding the payment of its interim one-tier tax exempt dividend of 0.3 Malaysia Sen per ordinary share for the financial year ending 31 March 2025. This announcement, originally made on 11 November 2024, has been updated with key information that shareholders need to be aware of.

The board of directors has confirmed that the interim dividend, payable on 13 December 2024, will be disbursed in Singapore currency. The exchange rate applied for this conversion is approximately MYR1.00 to SGD0.301659125. As a result, shareholders will receive SGD0.00090 per ordinary share, rounded up to five decimal places.

This exchange rate is based on the middle rate as of 29 November 2024, as listed on the Bank Negara Malaysia’s website. The decision to pay the dividend in Singapore currency and the specific exchange rate could potentially influence MeGroup Ltd.’s share prices, making it a significant point of interest for investors.

This announcement has been reviewed by the Company’s sponsor, UOB Kay Hian Private Limited, but has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST). Therefore, the SGX-ST assumes no responsibility for the content of this announcement.

Shareholders and potential investors are encouraged to consider this information carefully as it may impact their investment decisions.

Disclaimer: This article is intended for informational purposes only and should not be construed as financial advice. Investors are advised to conduct their own research or consult with a financial advisor before making any investment decisions.

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