China Coal Energy Co (HK:1898) has released an update.
China Coal Energy Co. has announced a proposal from its controlling shareholder, China National Coal Group, to pay a special dividend and an interim dividend for 2024, aimed at enhancing shareholder value and sharing success. Shareholders are to receive a special dividend of RMB0.113 per share, with further dividends tied to 2024’s first half profits. A Board meeting is scheduled for June 12, 2024, to consider these proposals, with the final decision subject to shareholder approval at a general meeting.
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