One of investment banking tell below STORY:
Tamco said planning to pay special dividendTAMCO Corporate Holdings, a unit of Ancom, plans to return as much as 50 sen a share to shareholders,sources close to the company said last week. Business Times understands that a decision on the special dividend was made last Wednesday at a board meeting. Company officials were not immediately available forcomment but an announcement is due to be made soon. Tamco is in the process of selling its switch gearbusiness to India's largest engineering firm Larsen & Toubro Ltd for RM378m. A dividend payment of any kindwould benefit Ancom as it directly owns 40% of Tamco, the source said. Ancom, could raise a further RM100m,via the sale of its industrial chemical unit, housed under Nylex (M). (BT)
hmm, take a look on latest news:
TAMCO CORPORATE HOLDINGS reported that SIEW KA WEI, Director had on Oct 16, 2007 disposed 850,000 shares in the Company at RM1.06 per share.
TAMCO CORPORATE HOLDINGS reported that SIEW KA WEI, Director had on Oct 19, 2007 disposed 496,500 shares in the Company at 93.83 sen per share.
TAMCO CORPORATE HOLDINGS reported that SIEW KA WEI, Director had on Oct 18, 2007 disposed 510,900 shares in the Company at 97.02 sen per share.
What do you think? :)
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