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Bonvests revokes proposed dividends, implements pay cut to sustain operations
Claudia Tan HS
Published Wed, Mar 25, 2020 · 09:50 PM
Singapore
BONVESTS Holdings announced on Wednesday that it will revoke its proposed dividend of one Singapore cent per share for the financial year ended Dec 31, 2019 on the back of the negative impact of the Covid-19 outbreak on its business.
The proposed dividend was previously announced on March 2 and is subject to shareholders' approval at the annual general meeting of the company to be held on April 29.
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