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$Singtel (Z74.SG)$ I maybe outdated but Section 403 of Singa...

$Singtel (Z74.SG)$ I maybe outdated but Section 403 of Singapore companies act stated that a company can only declare and pay dividends out of it's profits. If the company has made a financial loss, it cannot declare any dividends. Should I call cpib and mas to verify this to protect innocent investors?
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