Summary by Futu AI
Xinyi Solar Holdings Limited announced that it will introduce a dividend by shares program for the interim dividend for the six-month period ending on June 30, 2024. The program allows shareholders to choose to receive the interim dividend in cash or in the form of dividend shares, with a dividend of 10.0 Hong Kong cents per share. The market cap of the dividend shares will be calculated at 95% of the average closing price of the shares during the five trading days from August 13 to August 19, 2024, rounded down to two decimal places. If all eligible shareholders choose to receive the dividend by shares, approximately 0.283 billion new shares will be issued, representing 3.08% of the enlarged issued shares. Shareholders are required to submit the choice form by 4:30 PM on September 27, 2024, and the dividend shares are expected to be traded on the Stock Exchange of Hong Kong starting from October 17, 2024. Shareholders should consult professional advisors to understand the tax implications and disclosure requirements of the dividend by shares program.