Pacific Century Regional Developments (SGX:P15) – Dividend Recapitalization… a nicer term for cashing out

Pacific Century Regional Developments (SGX:P15) reported their FY19 results on 21 Feb 2020 yesterday. Revenue increased 12% due to higher dividends received from their stake in HKT and profit fell due to higher expenses and lower share of profits from their associate PCCW. For more information on their business model, you may refer to my … Continue reading Pacific Century Regional Developments (SGX:P15) – Dividend Recapitalization… a nicer term for cashing out