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PIE Industrial rises 5.07% after dividends proposal

Mimi Sabreena 3:06:00 PM Informasi

KUALA LUMPUR (April 4): Shares of PIE. Industrial Bhd rose as much as 5.07% this morning after the company proposed dividends to shareholders yesterday for the year ended Dec 31, 2017 (FY17).

At 10:30am, its shares pared some of the gains and were trading up 2 sen or 1.45% at RM1.40 after 34,800 shares exchanged hands.

According to a filing with Bursa Malaysia yesterday, PIE sought shareholders' approval to pay out a special single tier dividend of 3.6 sen per share, as well as a first and final single tier dividend of 2.4 sen per share.

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