The board of directors has proposed a special dividend and capital repayment to shareholders post-completion of the sale.
PETALING JAYA: Pelikan International Corp Bhd
(PICB) and its subsidiaries have agreed to dispose of Pelikan Group GMBH (PGG) to Holdham SAS for €136mil (about RM695.44mil), which will see the group exiting its core stationery business.
Following the disposal, PICB plans to return to shareholders the bulk of the proceeds via a proposed distribution.
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