Summary by Futu AI
On August 2, 2024, Longfor Group announced the calculation of the number of new shares to be distributed and issued based on the stock dividend plan at the end of the 2023 fiscal year. The market value of the new shares will be calculated based on the average closing price of the five trading days before August 2, 2024 at HKD 9.798. Eligible shareholders who choose to receive shares instead of cash dividend will be granted new shares at an equivalent rate of HKD 0.2525 per share of the final dividend. Shareholders who choose to receive cash dividend in full or in part do not need to take action. If you choose to receive shares instead of cash dividend, you need to submit a selection form before 4:30 pm on August 12, 2024. The company will apply for the new shares to be listed on the Stock Exchange of Hong Kong and expects the new shares to begin trading on August 23, 2024, while cash dividends will be sent to shareholders by regular mail on August 22.