Yadea Holdings Limited (stock code: 1585) announced that it will provide a scrip dividend plan for the year-end dividend in 2023. The plan allows eligible shareholders to choose to receive a year-end dividend of HK$0.48 per share in the form of new shares instead of cash. The transfer of shares procedures will be suspended from June 25 to 28, 2024 to determine the shareholders who are entitled to the final dividend. Eligible shareholders may choose to receive the dividend in full or in part by new shares, or by a combination of cash and new shares. The market value of the new shares will be calculated based on the average closing price of the five trading days from June 24 to 28, 2024. If all eligible...Show More

Yadea Holdings Limited (stock code: 1585) announced that it will provide a scrip dividend plan for the year-end dividend in 2023. The plan allows eligible shareholders to choose to receive a year-end dividend of HK$0.48 per share in the form of new shares instead of cash. The transfer of shares procedures will be suspended from June 25 to 28, 2024 to determine the shareholders who are entitled to the final dividend. Eligible shareholders may choose to receive the dividend in full or in part by new shares, or by a combination of cash and new shares. The market value of the new shares will be calculated based on the average closing price of the five trading days from June 24 to 28, 2024. If all eligible shareholders choose new shares, it is expected to issue up to approximately 144.32 million new shares, accounting for about 4.71% of the company's issued share capital. The new shares are expected to start trading on the Stock Exchange of Hong Kong on August 20, 2024. Shareholders who choose to participate in the scrip dividend plan must submit the selection form by 4:30 pm on July 29, 2024. The plan aims to provide shareholders with opportunities to increase their investments while reserving cash for the company's operating capital.