On October 2 (Wednesday), Quantasing Group closed up 29.63%, at $3.85 per share.
According to CNBC, on October 2 (Wednesday), Quantasing Group (QSG.US) closed up 29.63%, at $3.85 per share. It is understood that earlier Quantasing Group announced that its board of directors had approved a special dividend to reward shareholders. According to the announcement, each common stock will receive a special dividend of $0.067, equivalent to $0.201 per American Depositary Share (ADS).
The total amount of this special dividend is estimated to be around $11 million, which will be funded by the company's retained cash earnings and paid from the company's capital account. The company plans to distribute dividends to common stock shareholders around November 7, 2024, while ADS holders will receive the dividend around November 15, 2024. It should be noted that the dividends received by ADS holders will be subject to the terms of the depositary certificates and deposit agreements.
