China CITIC Bank Adjusts Dividend Distribution

China CITIC Bank (HK:0998) has released an update.

China CITIC Bank Corporation Limited has announced adjustments to its 2023 profit distribution plan following the conversion of A-share convertible corporate bonds, which increased share capital. Shareholders will receive RMB 3.261 (tax inclusive) per 10 shares, totaling RMB 17.432 billion, with the HKD equivalent calculated using the prior week’s average benchmark exchange rate. The total dividend amount remains unchanged, but the per-share distribution has been modified to reflect the new total share capital.

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