Summary by Futu AI
LONGFOR GROUP announced the calculation results for the new stock market value under the scrip dividend plan for the interim dividend for the year 2024. Based on the average closing price over the last five trading days, the new stock market value is set at HKD 10.836 per share, while the interim dividend per share is HKD 0.2386.Eligible shareholders can choose to receive the dividend in all cash, all new shares, or a combination of new shares and cash. Shareholders opting for new shares must submit the choice form by 4:30 PM on March 26, 2025. The new shares will enjoy the same rights as the existing issued shares in every respect, but will not be entitled to the interim dividend for the year 2024.The company will apply to the Stock Exchange for the listing and trading of the new shares, with cash dividend coupons and new share certificates expected to be sent out on April 8, 2025. Trading of the new shares is anticipated to commence on April 9, 2025.
