General Announcement
14/01/2004Clarification on Article in The Star dated 14 January 2004
CIMB BERHAD |
Type | Announcement |
Subject | Clarification on Article in The Star dated 14 January 2004 |
Contents :
We refer to the article in The StarBiz, Page 3, on Wednesday, 14 January 2004, which carried in particular the following statements:
1. "CIMB Berhad is expected to announce its capital reconstruction policy this quarter";
2. "This will probably mean higher dividends in the future"; and
3. "A big dividend payout will bring down CIMB Berhads capital to a more comfortable level."
Going forwards, capital management will continue to be a key priority of the firm. In this regard, management is constantly exploring ways to optimise our capital structure to improve the groups return on equity and overall shareholder value. In this context however, management has to take into consideration the current level and composition of capital, the various opportunities for capital utilisation, the views of its regulators and rating agencies, namely Rating Agency Malaysia and Moodys, as well as future dividend payments.
Based on the above, any suggestions pertaining to plans for capital reconstruction or dividends are premature.
This announcement is dated 14 January 2003.
Announcement Info
Company Name | CIMB BERHAD |
Stock Name | CIMB |
Date Announced | 14 Jan 2004 |
Category | General Announcement |
Reference No | CC-040114-65123 |
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