Starmalls, Inc. Declares Cash Dividend for the Year Ended December 31, 2018, Payable on October 30, 2019
September 30, 2019 at 01:03 pm IST
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The Board of Directors of Vistamalls, Inc. approved the declaration of cash dividends in an amount equal to approximately 20% of the Company's consolidated net income for the year ended December 31, 2018, which shall be payable in cash to all its stockholders on the basis of outstanding stocks held by them. The dividend amount was PHP 0.0571 per share. Record date was 15 October 2019. Payment date was 30 October 2019.
Vistamalls, Inc. is an investment holding company, which is engaged in investment, real estate, and leasing business. It also engaged in leasing of retail malls and business process outsourcing (BPO) commercial center. The Company's subsidiaries include Masterpiece Asia Properties Inc., which operates Starmall Prima Taguig, Starmall Prima Daang Hari, Starmall Prima Sta. Rosa, Starmall 7 San Jose del Monte, Starmall Talisay, Starmall Imus, and Optimum Bank Building, and Manuela Corporation, which operates Starmall Las Pinas, Starmall Las Pinas Annex, Starmall EDSA-Shaw and Starmall Alabang. The Companyâs subsidiaries are also involved in the acquisition of undeveloped land, the planning and design of developments, the securing of regulatory approvals for development and sale or lease, the supervision of land development and construction and the marketing and selling/leasing of its products. Its malls include Vista Mall Bataan, Vista Mall Iloilo, Vista Mall Naga, and Vista Mall Pampanga.