PETALING JAYA: Eco World International Bhd
(EWI) has clarified that its bumper dividend payout of RM792mil, or 33 sen per share, will not be fully allocated to its substantial shareholders, Tan Sri Quek Leng Chan and Datuk Leong Kok Wah.
In a statement, the group clarified an article by a local news portal last Friday that the first interim dividend of 33 sen per share will be paid to shareholders who directly hold shares in EWI as at the entitlement date.
EWI clarified that the statement in the article claiming that Leong is entitled to some RM240.48mil of the total dividend is incorrect.
“Note that 27% of the EWI shares attributed to Leong is owned by Eco World Capital (International) Sdn Bhd (EW Capital), a wholly-owned subsidiary of Eco World Development Group Bhd (EcoWorld Malaysia), another public listed company in Malaysia.
“While Leong has a deemed interest in EWI via his substantial shareholding in EcoWorld Malaysia, he will not receive RM213.84mil of the dividends in his personal capacity.
“Instead, this will be paid to EW Capital as the direct shareholder owning the 27% stake.”
Additionally, EWI clarified that the inference that Quek would be entitled to RM213.84mil from the total dividend payout of RM792mil is also incorrect.
“Note that the dividend will be paid to GLL EWI (HK) Ltd, an indirect wholly-owned subsidiary of Guocoland Ltd (GLL).
“While Quek has a deemed interest in EWI via GLL, he is not the sole shareholder of GLL, which is publicly listed in Singapore.
“Hence an inference that Quek is entitled to the entire sum of RM213.84mil is erroneous.”
