Ajinomoto yet to decide on award


Ajinomoto attributed its better results to higher domestic sales and better margins from export sales arising from the appreciation in US dollar.

PETALING JAYA: Ajinomoto (M) Bhd has yet to make a decision on whether or not to accept a compensation award from the Kuala Lumpur land administrator.

In a filing with Bursa Malaysia yesterday, it explained that it would be premature at this juncture for the board to confirm the intended usage of the proceeds, which include, inter alia, the amount of dividend to be declared to the shareholders arising from the acceptance of the compensation award.

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Business , Ajinomoto

   

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