SK Jewellery cancels dividend to conserve cash amid Covid-19
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Singapore
SK Jewellery Group on Friday said it is cancelling a proposed dividend of 0.5 Singapore cent per share that it had proposed in February - when it announced its FY2019 results - to conserve cash amid the Covid-19 crisis.
The board had, after "serious and careful deliberations", decided that it would be "appropriate" and in the group's best interest to cancel the dividend so as to conserve funds for the group's working capital requirements should Covid-19-related measures be extended.
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