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Uni-Asia Group makes share placement to fund property development; announces special dividend

Goola Warden
Goola Warden • 7 min read
Uni-Asia Group makes share placement to fund property development; announces special dividend
SINGAPORE (Apr 15): On April 4, Uni-Asia Group raised $5.85 million through the issue of 5.42 million shares at $1.08 apiece. The placees are entitled to a dividend per share of 6.25 cents and a special dividend of 0.75 cent announced on March 1 for FY201
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SINGAPORE (Apr 15): On April 4, Uni-Asia Group raised $5.85 million through the issue of 5.42 million shares at $1.08 apiece. The placees are entitled to a dividend per share of 6.25 cents and a special dividend of 0.75 cent announced on March 1 for FY2018. The dividend yield for the placement shares is 6.48%. The placement shares were distributed through Maybank-Kim Eng to about 40 investors. The subscribers included institutional investors such as Judah Value Activist Fund, Hibiki Path Value Fund and Golden Hill Investments, as well as various other individuals, family offices and corporate investors.

At its last traded price of $1.16, the stock’s dividend yield is 6.03% including the special dividend.

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