Happen to come across this Singapore Company dealing with properties, checking out their remuneration if it’s true that as what the rest have mention, they are notorious for paying themselves high salary and very little dividend to the shareholders.
Indeed, the Cheong family members are getting almost $5 million each and their salary is almost comparable to the Group CEO from Singtel, Semborp and Keppel.
However, getting high salary is fine with me as long they can perform & drive the company business to greater high & the company interest is align with the shareholders.
Nevertheless, the dividend payout to the shareholders for Hong Fok is rather miserable.
Therefore, investing in this company is rather going for capital gain instead for dividend.
So, Hong Fok Corporation is not my cup of tea!