Summary by Futu AI
Ping An Health Medical Technology Company (Ping An Good Doctor) announced on November 14, 2024, that the board of directors has resolved to recommend the distribution of a special dividend from the company's reserve stock premium account, at a rate of HKD 9.7 per share. The special dividend will be paid in cash, but eligible shareholders have the option to receive it in the form of new shares. This proposal must be approved at a special general meeting of shareholders and comply with the regulations of the Cayman Islands Company Law. The company will suspend the transfer of shares from December 10 to 13, 2024, to determine shareholder eligibility. It is anticipated that checks and stocks for the special dividend will be mailed out on January 24, 2025. Anxin Limited, holding approximately 39.41%, may be required to make a mandatory general offer under Rule 26 of the Takeover Code if opting for shares in lieu of dividend. The special general meeting of shareholders is expected to be held on December 4, 2024.