On July 4th, Geelong rallied 4% to HKD 1.29 for Binhai Investment (2886.HK). On the news, Binhai Investment announced that its board of directors had received notice from Tianjin TEDA that it had chosen to receive the year-end dividend for 2023 by way of interest-bearing shares through TEDA Hong Kong, Santa Resources Limited and Leader Top Investments Limited. Restricted by Rule 26.1 of the Code on Takeovers and Mergers, the number of shares subject to the interest-bearing share option for the final dividend chosen by Tianjin TEDA accounted for approximately 89% of its shares in the Company. The Board believes that the controlling shareholder's choice of the interest-bearing share option demonstrates Tianjin TEDA's full recognition of the Group's ongoing business expansion, active support of the optimization and improvement of the Group's upstream and downstream industry chain strategy, and continuous confidence in the Company's current and future development prospects and growth value.
港股异动丨滨海投资涨4%，控股股东选择代息股份方式收取2023年末期股息
Binhai Inv rose 4% in Hong Kong stock market. The controlling shareholder chose to receive dividends by way of shareholding at the end of 2023.
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