Ge-Shen Corporation Berhad (“Ge-Shen” or the “Group”), an established service provider of precision engineering and manufacturing solutions, specialising in high-quality plastic, printed circuit board assembly (“PCBA”), liquid silicone rubber and complete assembly for diverse industries, is pleased to announce that the Board of Directors has approved a single-tier interim dividend of 6 sen per ordinary share, amounting to RM8.07 million for the financial year ended 31 December 2024. The dividend will be payable on 3 March 2025, to shareholders whose names appear in the Register of Depositors at the close of business on 19 February 2025.
This decision reflects Ge-Shen’s continued commitment to delivering value to its shareholders while maintaining a solid financial foundation. The Board has assessed the Company’s financial position and is confident that it remains well-positioned to meet its financial obligations and sustain future growth.
Dr. Adrian Foong Hong Nian, Chief Executive Officer of Ge-Shen commented, “Our ability to declare this dividend underscores the Group’s strong financial performance and resilience. As we continue to execute our strategic initiatives, we remain focused on enhancing shareholder value while ensuring the long-term sustainability of our business. This dividend distribution is a testament to our confidence in the Group’s operational strength and future growth potential.”
In line with its ongoing efforts to optimise asset utilisation and strengthen financial flexibility, Ge-Shen recently announced the proposed disposal of five freehold industrial properties in Mukim Tebrau, Johor Bahru, for a total cash consideration of RM35.0 million. The proceeds from this strategic disposal will be used to repay bank borrowings and support working capital, reinforcing the Group’s commitment to operational efficiency and long-term growth.
The Group remains committed to its long-term growth strategies, leveraging its expertise in precision manufacturing and Industry 4.0 advancements to drive innovation and operational efficiency.
