Bayan Resources Owned By Conglomerate Low Tuck Kwong Wants To Divide Dividends Of IDR 4.9 Trillion

Illustration. (Photo: Doc. Antara)

JAKARTA - A mining company owned by conglomerate Low Tuck Kwong, PT Bayan Resources Tbk (BYAN) will distribute jumbo dividends worth US$300 million or equivalent to Rp4.9 trillion. This dividend distribution will enter the cum date period in the regular market and negotiations on Friday 5 July.

For information, cum date is the last date for investors who want to buy certain shares and are entitled to receive the dividends that have been announced. To be able to win dividends, investors need to buy the shares before or on the cum date.

Bayan Resources Director Jenny Quantero stated that according to the results of the Annual General Meeting of Shareholders (AGMS) on June 27, 2024, the company will distribute the final cash dividend for the 2023 financial year of US$300 million or equivalent to US$0.009 per share.

Thus, the total dividend disbursed by the company reached 800 million US dollars or around Rp. 13.08 trillion. The details, amounting to 500 million US dollars, have been distributed to shareholders as interim dividends on January 5, 2024.

"And the remaining 300,000,015 US dollars or equivalent to 0.009 US dollars per share will be paid as a final cash dividend," Jenny Quantero said in a letter to the Indonesia Stock Exchange (IDX), quoted Tuesday, July 2.

The following is Bayan Resources final cash dividend distribution schedule:

- Cum dividend on regular market and negotiation: 5 July 2024- Ex dividend on regular market and negotiation: 8 July 2024- Cum dividend on cash market: 9 July 2024- Ex dividend on cash market: 10 July 2024- Recording date of dividend date: 9 July 2024- Dividend payment date: 24 July 2024