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TSH announces capital reduction and special dividend

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CATALIST-LISTED former consumer electronics and homeland security devices firm TSH Corporation said that it will distribute S$0.1072 a share in cash in a proposed capital reduction as well as a special dividend of S$0.016 a share.

CATALIST-LISTED former consumer electronics and homeland security devices firm TSH Corporation said that it will distribute S$0.1072 a share in cash in a proposed capital reduction as well as a special dividend of S$0.016 a share.

The distributions come after the firm completed the disposal of its main businesses, sold its freehold industrial land and building, and became a cash company.

"The board has since been in the process of exploring various potential new business opportunities for the company which would satisfy the (Singapore Exchange's) requirements for a new listing. As at the date of this announcement, the board has not identified any suitable business opportunities for the company," TSH said.

TSH last traded at S$0.127 a share.