Isetan Singapore

[ghchua]

Thanks ghchua for the info. Frankly after that AGM I can't be bothered with them anymore So all the S44 credits were used to fullest? Cause I still distinctively remember a newspaper article list out the listed companies that have S44 credits that will expire, and Isetan was one of them

I don't think so. There should be some tax credits left expired but they did pay out some of it. Companies which utilized all their tax credits during that time used the dividend plus rights issue combination to take back those dividends that had been paid out via rights issue. Effectively, they are not really paying out those dividends, just using rights issue to get them back.

For Isetan Singapore, they just paid out dividends. No rights issue was called. Obviously, that will result in a lower amount of tax credit being utilized.