Summary by Futu AI
Xinyi Solar Holdings Limited announced that it will provide a dividend in the form of shares for the six-month interim dividend ending on June 30, 2024. The interim dividend per share is 10.0 Hong Kong cents, and eligible shareholders can choose to receive it in cash or shares. The market cap of the dividend shares is set at HK$3.15 per share, calculated based on 95% of the average closing price from August 13 to 19, 2024. If all eligible shareholders choose to receive the dividend shares, about 0.283 billion new shares will be issued, accounting for 3.08% of the enlarged share capital. The company will send a circular and election form regarding the scheme to shareholders on September 11, 2024, and the dividend shares are expected to be traded on the Stock Exchange of Hong Kong for the first time on October 17, 2024. The board of directors consists of four executive directors, two non-executive directors, and three independent non-executive directors.