San Teh Ltd Completes Disposal Of Cement Business And Payment Of Special Dividend

San Teh Ltd announced that following disposals by the Group have been completed on December 29, 2011, 91.13% of the total number of shares of San Teh (China) Cement Co., Ltd directly and indirectly held by the Company; 30% equity interests in Dali SanTeh Cement Co., Ltd directly held by the Company; and 30% equity interests in Dali SanTeh Building Materials Industry Co., Ltd directly held by the Company. Following the successful completion of the Disposals and as mentioned in paragraph 7(b) and paragraph 8 of the Circular, the Company announced a special tax exempt (1-tier) dividend of SGD0.30 per share for the financial year ending December 31, 2011 (the Special Dividend). For the current financial year ending December 31, 2011, the Company had also paid an interim tax exempt (1-tier) dividend of SGD0.005 per share on September 15, 2011. The Special Dividend will be paid on January 31, 2012.