LBS has announced that it has successfully concluded its 22nd Annual General Meeting today, which was conducted on a fully virtual basis.
LBS further announced that all 11 ordinary resolutions presented during the AGM for consideration were passed by its shareholders, including the single-tier final dividend of 1.00 sen per share for the financial year ended 31 December 2021. In addition to LBS’ first interim dividend of 0.85 sen per share which was announced on 15 April 2022, LBS’ total dividends for FYE 2021 amounted to 1.85 sen per share.
The first interim dividend and final dividend will be payable on 14 July and 15 September respectively to the shareholders whose names appear in LBS’ Record of Depositors on 30 June and 30 August respectively.
After the AGM, LBS Executive Chairman Tan Sri Lim Hock San commented, “We have seen an encouraging pick-up in the property market as the economy recovers. Based on data released by the Central Bank of Malaysia, the cumulative total loan applications for property purchases in Q1 of 2022 is up 4.06% year-on-year. LBS is on track to launch 14 projects worth an estimated RM1.77 billion in 2022 across Klang Valley, Johor, Pahang and Perak.”
“2021 was a fruitful year for us. We hope with our continued focus in our business together with our consistent dividend payments in line with our dividend policy, our shareholders will continue to put their faith in us. As we navigate through 2022 cautiously in the midst of economic recovery, we look forward to continue enhancing stakeholder value as we bring LBS forward.”
As at 15 June, LBS has recorded property sales of RM816 million with bookings in the pipeline of RM683 million.
