Summary by Futu AI
Xinyi Glass Holding Limited announced that it will provide a dividend in the form of shares for the annual period ending on December 31, 2023. The plan was approved at the shareholders' annual meeting on May 31, 2024, allowing shareholders to choose to receive a final dividend of HKD 0.37 per share in cash or in the form of dividend shares. The market cap of the dividend shares is HKD 8.84, which is 95% of the average closing price of the five trading days from June 4 to 11, 2024. If all eligible shareholders choose to receive dividend shares, approximately 176.8 million new shares will be issued, accounting for 4.02% of the expanded issued shares. The company will send a letter and selection form regarding the plan to eligible shareholders on July 5, 2024, and shareholders must submit the selection form before July 22 to participate in the plan. The dividend shares are expected to be first traded on the HKEX on August 8, 2024.