Public enterprise property sector returns $250k dividend for 2019/20 [1]
Tuesday, February 16, 2021 - 18:00. Updated on Wednesday, February 17, 2021 - 09:23.
Dividends of $250,000 from the property sector of public enterprises was presented by the Chairman of the board Sione Taione to Prime Minister Hon Dr Pohiva Tu’i’onetoa today, 16 February.
Dividends included $100,000 from the Tonga Market Corporation Ltd (TMCL) and $150,000 from Tonga Asset Managers & Associates Ltd (TAMAL) for the 2019-20 financial year, confirmed Ministry of Public Enterprise CEO Sione ‘Akau’ola.
The presentation took place during their shareholder’s Annual General Meeting at the Small Industries Centre, Ma’ufanga.
The meeting was also attended by representatives from TMCL and TAMAL and the MPE property sector board of directors Sione Havea Taione (Chairman) Salesi Fotu (Deputy Chair), Katalina Tohi, Dr 'Uhila moe Langi Fasi, Maika Haupeakui , and Manuopangai Hingano.
The government has a total of 12 Public Enterprises.