S i2i plans S$0.729 a share distribution via capital reduction

Singapore

BARELY half a year since the return of its founder last September, S i2i has returned to the black and is planning a cash distribution of about S$10 million, or 72.9 Singapore cents a share, to shareholders via a capital reduction exercise.

The telecom and IT service provider - which has been on the Singapore Exchange (SGX) watch-list since March 2015 following three years of losses - said the capital reduct…