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China Cinda Sets Offshore Dividend Payout Plan

China Cinda Sets Offshore Dividend Payout Plan

China Cinda Asset Management Co (HK:1359) has released an update.

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China Cinda Asset Management Co., Ltd. has announced its plan to distribute dividends for its offshore preference shares with a record date of November 1, 2024, and a payment date of November 4, 2024. The company has set a post-tax dividend rate of 4.4% and will handle the relevant income tax of 10% on behalf of shareholders, amounting to a total dividend distribution of US$83,111,111.11. CCB Nominees Limited, currently the only registered holder of these shares, will receive the payment, with ultimate investors advised to consult their custodians or intermediaries for details.

For further insights into HK:1359 stock, check out TipRanks’ Stock Analysis page.

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