Summary by Futu AI
Xinyi Solar Holdings Limited announced that its final dividend for the financial year ended on December 31, 2023 was approved at the shareholders' annual general meeting held on May 31, 2024. Shareholders will be entitled to a final dividend of HK$0.15 per share and have the option to receive it in cash or in the form of scrip dividend. The market cap of the scrip dividend has been fixed at HK$4.45 per share, calculated based on 95% of the average closing price from June 4 to June 11, 2024. If all eligible shareholders choose to receive scrip dividend, approximately 303 million shares will be issued, accounting for 3.26% of the enlarged issued share capital. The company will send a circular and an election form regarding the scrip dividend scheme to the shareholders on July 5, 2024, and shareholders need to make their election before July 22, 2024. The scrip dividend is expected to begin trading on the Stock Exchange of Hong Kong Limited on August 8, 2024.