Guangdong Land Holdings Limited (HK:0124) has released an update.
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Guangdong Land Holdings Limited (GDL) has announced a proposed special dividend distribution in the form of GDL shares to its shareholders. This move involves distributing approximately 73.72% of GDL’s issued share capital as a dividend, conditional upon shareholder approval at an extraordinary general meeting. Qualifying shareholders will receive GDL shares, while non-qualifying shareholders will receive cash-in-lieu payments.
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