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Apex Equity Holdings cancels FY'17 dividend

Shareholders of Apex Equity Holdings Bhd. rejected the company's proposed dividend for the 2017 full year.

As a result, the company canceled its plan to pay a cash dividend of 2 Malaysian sen per share for 2017.

The proposed dividend for 2017 was lower than the prior-year dividend of 5 sen per share.

As of May 28, US$1 was equivalent to 3.98 Malaysian ringgit.