Selangor Dredging active, jumps 12.26% on special dividend

KUALA LUMPUR (Jan 4): Selangor Dredging Bhd (SDB) jumped 12.26% this morning in active trade after it declared a special dividend of 19 sen per share from proceeds of the group's sale of Wisma Selangor Dredging.

At 9.05am, SDB rose 13 sen to RM1.19 with 1.26 million shares done.

The dividend is payable on Jan 29 with the ex-date set at Jan 16.

SDB had announced the disposal of Wisma Selangor Dredging to Golden Eagle Realty Sdn Bhd for RM480 million on June 20 last year. — theedgemarkets.com

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