The balance 3% of the monies will be distributed within two years from the first distribution, said Sona. In a filing with Bursa Malaysia, Sona said as at yesterday, the total gross amount of monies held in the cash trust account stood at RM543.25 million. This is equivalent to a gross distribution value of 49.38 sen per share (excluding tax and other distribution costs). Meanwhile, Sona said Singapore-based Law Asia Pte Ltd had withdrawn its opposition to the winding up of Sona with no liberty to file afresh and with no order as to costs. Sona shares closed unchanged at 46.5 sen yesterday, bringing a market capitalisation of RM655.98 million.

Source: The Edge Markets September 20, 2016 01:18 UTC