Lion Asiapac gaps up at open, last +25.0% at almost 3-month high of S$0.325 on above-average volume, as investors flock to otherwise thinly-traded stock after company declares interim dividend of $0.10/share to be paid July 29. Together with special dividend of $0.15/share issued in April, total yield so far for FY ended June comes to a whopping 96.1% based on yesterday's closing price…
Supplier of quicklime (chemical compound) to steel mills, distributor of chip components says payout meant to boost shareholder value following review of cashflow position.
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