DiGi plans dividend payout, share split

Malaysian mobile phone operator DiGi.Com Bhd plans to make a special payment to shareholders in the first half of 2012 as it depreciates more than RM1 billion of equipment and upgrades its network. Last year, DiGi  – 49 per cent owned by Norway’s Telenor – paid out RM1.63 a share in dividends to shareholders.
 DiGi shares, which were suspended yesterday, have risen 27 per cent this year, outperforming a 3.5 per cent decline in the benchmark FTSE Bursa Malaysia KLCI Index.
 But as early as April next year depreciation costs may hurt earnings for the next three years.
 DiGi also wants to sub-divide one share of 10 sen each now into 10 shares of 1 sen each. This proposal is due to be completed by the end of this year.
 “The proposed sub-division is intended to adjust the market price of shares in DiGi, resulting in the subdivided shares being more affordable to a wider reach of investors,” it said in a statement to Bursa Malaysia yesterday.

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