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Gold/Mining/Energy : Noble China (NMO) on TSE. Chinese Brewery Stock
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To: Ciao who wrote (69)3/5/1999 1:50:00 PM
From: Crane  Read Replies (1) of 248
 
Looks Good Folks... $3.00 isn't too far away

Fri 5 Mar 99 News Release
Mr. John Pennal reports
The company's operating subsidiary, Zhaoqing Noble Brewery, has declared a dividend from its 1998 net profit. The company's portion of the dividend is RMB 61.7-million, approximately $11.1-million (Canadian), and it will be paid in instalments over the course of this year.
In light of improved cash position, the company intends to apply forapproval to repurchase up to 10 per cent of its outstanding shares, up to 1,081,508 shares, through normal course open market purchases on the Toronto Stock Exchange over the next 12 months.
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