HupSteel

[weijian]

Good move by management! Now to wait for some dividends...

"The property does not form an integral part of the Group’s trading operations, occupancy rate
and rental yield from this property has also been below expectation. It hopes not to commit
more resources to enhance its rental attractiveness on top of meeting more stringent
conservation requirements imposed on the property."

There are quite a number of its investment properties meeting this description. Does that mean we can look forward to more disposal of such properties?

Embedded in the same announcement....not exactly optimistic there will be more dividends as a result of below action.

http://infopub.sgx.com/FileOpen/Disposal...eID=459370

Uses of Proceeds Pending the deployment of funds, the net proceeds may be used to repay existing bank borrowings, deposited with banks and financial institutions and used as working capital.