Investor Relations - News

Proposed Scrip Dividend Scheme

Further to the Company's announcement on 17 November 2003, the Board of Directors of the Company is pleased to announce that they intend to seek the approval of shareholders to implement a scrip dividend scheme (under which shareholders of the Company will be given an opportunity to elect to receive dividends in the form of new ordinary shares of S$0.25 each in the Company, credited as fully paid, instead of cash) at an Extraordinary General Meeting to be convened and held on the same day as the next Annual General Meeting of the Company.

The Directors will announce the date of the Extraordinary General Meeting and the Annual General Meeting at a later date.