Chongqing Rural Commercial Bank Co (DE:C3B) has released an update.
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Chongqing Rural Commercial Bank Co., Ltd. has announced an update to its final dividend for the fiscal year ended December 31, 2023, setting the dividend at RMB 0.2885 per share, to be paid in HKD at an exchange rate of 1 RMB to 1.098233 HKD. Shareholders approved the updated dividend on May 28, 2024, with payment scheduled for June 28, 2024. The bank has also detailed withholding tax rates for non-resident shareholders, ranging from 10% to 20% depending on the country’s tax agreement with China.
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