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Article: Bintulu Port can pay out RM400m, says Kenanga
- Article from:
- New Straits Times
- Article date:
- April 7, 2008
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New Straits Times
04-07-2008
Bintulu Port can pay out RM400m, says Kenanga
Edition: Main/Lifestyle
Section: Business Times
Type: Company
BINTULU Port Holdings Bhd has the potential to pay shareholders up to RM1 a share or RM400 million in total, due to its strong balance sheet, a research house said.
The company, which operates the world's largest liquefied natural gas (LNG) export terminal, has cash of some RM470 million as at December 31 2007. It has zero borrowings.
"Strong balance sheet also provides room for capital management," Kenanga Investment Bank Bhd said in an initiation report dated March 31.
Bintulu Port has Petroliam Nasional Bhd (Petronas) as a 33 per cent shareholder, ...