Pacific Century Regional Developments

[valerene]

Pacific Century Regional Developments Limited Proposes Final Dividend
Source: Singapore Exchange
Type: Dividend Affirmations
From: 09/Feb/2018

Pacific Century Regional Developments Limited proposed one-tier, tax exempt final dividend 2.2 cents per ordinary share.

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Is there a website for pacific century?
Been holding this for a while. Its a pleasant surprise that they annouce dividends.

[kbl]

Good Sat Morning Everyone.

Another Fat dividend payout for shareholders.

normal 2.4c plus a special 6.3c. Total 8.7c dividend

Thank You Someone In VB for Alerting P!5 1.5yrs Ago.

https://links.sgx.com/FileOpen/SGXnet%20...eID=545890

Vested. Not a call to Buy or Sell

[Scg8866t]

W

Good Sat Morning Everyone.

Another Fat dividend payout for shareholders.

normal 2.4c plus a special 6.3c. Total 8.7c dividend

https://links.sgx.com/FileOpen/SGXnet%20...eID=545890

Vested. Not a call to Buy or Sell

Yes pleasantly surprised. Thats ard 230mil sgd worth of div. 22.6% yield at last closing price!!. Wonder how they are going to pay for it. Thats two years worth of their div income from pccw and hkt. They dont have much cash on hand and the tax credit currently is pretty in significant. 

Maybe Richard Li wants to reward the shs that have been holding on to this for ions with zero div. Or maybe he plans to use Pac Cent as a conduit for himself to extract sgd?

Vested

[kbl]

Good evening everyone.

Q3 result just out. OMG!!! Unbelievable.
2c + 3.5c just declared.
Vested
https://links.sgx.com/1.0.0/corporate-an...uddies.com

[¯|_(ツ)_/¯]

PCRD
rights issues to raise approximately HK$644.3 million
https://links.sgx.com/FileOpen/PCPD%20-%...eID=644122

One rights for every 2 shares @ HK$0.82
Record date: 25 Feb 2021
The Group is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments.

Stay home and stay safe, everyone.

[pianist]

Re current distribution in specie of share hkt, anyone opting to receive the HK shares? If so, how do u handle that ccass brokerage account issue if you don't have such account from sg?

[ghchua]

Re current distribution in specie of share hkt, anyone opting to receive the HK shares? If so, how do u handle that ccass brokerage account issue if you don't have such account from sg?

Hi pianist,

If you don't have a CCASS brokerage account, you can still receive the HKT shares in share certificate. After that, you can approach your broker to deposit the HKT share certificate into your HK trading account and you can transact from there.

I have also informed the company secretary to explore bulk sale of HKT shares for shareholders who forgot to opt for cash distribution but received the HKT share certificate after this exercise. No guarantee though that they will do it.

Note that the above is only for shareholders holding PCRD shares in CDP account. For CPF and SRS investors, there is no option to receive HKT shares. There is only cash option.

[fruitfulness]

Re current distribution in specie of share hkt, anyone opting to receive the HK shares? If so, how do u handle that ccass brokerage account issue if you don't have such account from sg?

"
...
...
Note that the above is only for shareholders holding PCRD shares in CDP account. For CPF and SRS investors, there is no option to receive HKT shares. There is only cash option."

Based on a clarification announcement on the dividend (today), the SRS Bank Agent or CPF must elect on your behalf whether you are to receive HKT shares or in cash. Therefore clear and specific instruction must be given to SRS Bank Agent or CPF. (If HKT shares are received, it will be deposited into a UOBKH account. You need to have an account with UOBKH to trade these HKT shares, and the monies will be returned to your SRS account or CPF). The election date line is extended from 14 Nov to 17 Nov.

[ghchua]

Based on a clarification announcement on the dividend (today), the SRS Bank Agent or CPF must elect on your behalf whether you are to receive HKT shares or in cash. Therefore clear and specific instruction must be given to SRS Bank Agent or CPF. (If HKT shares are received, it will be deposited into a UOBKH account. You need to have an account with UOBKH to trade these HKT shares, and the monies will be returned to your SRS account or CPF). The election date line is extended from 14 Nov to 17 Nov.

Yeah, I was caught off-guard when they made the announcement yesterday. The above was not communicated to me during the EGM. They said that the default option for CPF and SRS was cash.

Now that the default is scrip, shareholders must inform their agent bank to give the necessary instruction if they wish to elect cash.

Note that the election date that you have mentioned is for the company. Agent banks has their own cut-off date which are normally earlier. I have called my agent bank and they informed me that theirs is 10 Nov. It is best that you check with your agent bank for their own dateline.

[pianist]

Re current distribution in specie of share hkt, anyone opting to receive the HK shares? If so, how do u handle that ccass brokerage account issue if you don't have such account from sg?

Hi pianist,

If you don't have a CCASS brokerage account, you can still receive the HKT shares in share certificate. After that, you can approach your broker to deposit the HKT share certificate into your HK trading account and you can transact from there.

I have also informed the company secretary to explore bulk sale of HKT shares for shareholders who forgot to opt for cash distribution but received the HKT share certificate after this exercise. No guarantee though that they will do it.

Note that the above is only for shareholders holding PCRD shares in CDP account. For CPF and SRS investors, there is no option to receive HKT shares. There is only cash option.

To asking local broker to deposit that scrip into my HK trading accouny, can I suppose it would attract a fee, or has pcrd negotiated with selected broker to allow us deposit it foc?