Duty Free International to Enhance Shareholders’ Value Through Surplus Cash Distribution of Approximately S$41.94 million
28 Nov 2019
- Duty Free International plans Capital Reduction exercise to improve shareholders’ return on equity
- This exercise is anticipated to ameliorate the Group’s capital structure for long term efficiency
Duty Free International Limited, the largest multi-channel duty free and duty paid retail group in Malaysia with strategic locations across Peninsular Malaysia, today announced that it intends to undertake a capital reduction exercise (“Capital Reduction”) to return to shareholders its surplus capital through a cash distribution of S$0.035 for each ordinary share in the share capital of the Group held by its shareholders (“Cash Distribution”).