Summary by Futu AI
SHENZHEN INTERNATIONAL HOLDINGS LIMITED ANNOUNCES THAT IT WILL OFFER A DIVIDEND SHARE PLAN FOR THE FINAL DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2023. THE SCHEME ALLOWS ELIGIBLE SHAREHOLDERS TO CHOOSE TO RECEIVE A FINAL DIVIDEND OF HK$0.40 PER SHARE IN WHOLE OR IN PART IN EXCHANGE FOR SHARES OR TO CHOOSE TO RECEIVE THEM IN CASH. The proposed dividend was approved by shareholders at the Annual Meeting held on 14 May 2024. Eligible shareholders are required to submit an option form by 4:30 p.m. on June 11, 2024 to confirm the manner in which they will receive dividends. The market value of the dividend shares will be calculated based on the average closing price from 20 to 24 May 2024. The Board believes that the scheme will help shareholders to increase their investment in the company while retaining more cash for operations. The dividend shares are expected to start trading on the Hong Kong Stock Exchange on 21 June 2024.