It really amazes what these buggers are doing. It's no wonder the investing community do not rate this stock as highly as the other listed cement stocks in the country.
- PROPOSED CAPITAL REPAYMENT TO THE SHAREHOLDERS OF LMCB VIA A CASH DISTRIBUTION OF UP TO RM566.46 MILLION ON THE BASIS OF RM0.20 CASH FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.50 EACH ("SHARE") HELD IN LMCB VIA A REDUCTION IN THE PAR VALUE OF THE ORDINARY SHARES OF THE COMPANY OF RM0.50 EACH TO RM0.30 EACH AT A DATE TO BE DETERMINED LATER ("PROPOSED CAPITAL REPAYMENT"); AND
How much? Only 566.46 million.