this lim kok thay saw I raised my hand to ask a question, but he quickly try to wrap it up as soon as one shareholder finished speaking. (At least a chance for me to speak since his eyes fell on me!)
I was fed up that I forced myself to the microphone to butt in when he started talking .
*sh*T him

I have double checked with my reference material ,which states that tax- exempt profits received by an individual paid out from an exempt account under the Promotion of Investment Act 1986 or under Sch.7A(5)of the Income Tax Act 1967 are exempt from taxes.

(source:Malaysian Institute of Accountants,Budget commentary & Tax Information 2008,page178)

Really? I guess my source was wrong then. Have to check back and relearn some stuff. Thanks for pointing this out!

i see

so the par value is only required in the calculations when the company announced the dividend amount in percentages.

thanks

This post has been edited by Crossbone: Jun 23 2008, 04:42 PM

S 108 is about Tax Credit . Whenever a company pays tax, there would be a tax credit under s 108. The tax credit is to enable a company to pay dividends according to the tax paid ( amount available in the tax credit ). This applies to taxable income. This is to prevent a company from distributing dividends , before paying tax yet ( could be due large Capital Allowances ). That was before the one tier system introduced recently .


http://www.google.com/url?sa=t&ct=res&cd=8...9sPN02AfnOs5Rrw
S 108 does not apply to Tax exempt income .Company can pay dividend in full amount.

Correct me if I am wrong.

This post has been edited by SKY 1809: Jun 23 2008, 09:01 PM

It seems Lim Kok Thay is not really an angel afterall...

I've never attend AGM before because of time and location factor... Even though I'd like to attend once...

But they shouldn't wrap it up so quickly when the shareholder is still raising questions and hands...

It's more like Chinese style, one man show....

This post has been edited by keith_hjinhoh: Jun 23 2008, 10:16 PM

No, No, No, all wrong.... learn to trust the $86million a year man to his work, time is money

That's because RESORT is going down and he knows it.

When a CEO, CFO, COO tries to cut the press conference short, you know the company is not in a good shape. What's there to hide? Maybe no turnaround plan? Business model is failing, etc. As a stockholder, one has the right to know where the company is going in the future. Not in Malaysia though, many companies just go IPO so that management will be billionaires.

it called Human Nature...if 1 day lowyat.net IPO...many moderator's here also millionaire...

Wow, so quiet in here today, is the market also the same?

Today's rise just seems to be some small technical rebound. Airasia looks to take another beating today.

Wait for the sifus to give some comment.

I saw an article said that EPF going to raise stake on DIALOG. How you guys think about this counter? Its current price is RM1.36.

airasia 0.78

airasia ... i got nothing to say d...

Damn, scare to buy SPK @ 7x cent...
Now 87cent liao... Grrrrr

Genting recovering a bit ... but volume quite low...

SPK doingwhat?

Construction business, if I'm not mistaken.

SPK sunway?

No related to Sunway.
SPK - Syarikat Permodalan Kebangsaan Berhad
http://www.spkb.net/

Seems to be increasing cos of company share buyback .... directors also started buying back shares... No big fund selling this counter ... time to go in ?