An announcement from Meitu ( (HK:1357) ) is now available.
Meitu, Inc. has announced a proposed special dividend of HK$0.109 per share, amounting to approximately HK$496.8 million, to be paid out of its Share Premium Account. The declaration and payment are contingent on shareholder approval and the company’s ability to meet its debts post-payment. This move reflects Meitu’s strategic focus on maintaining its asset-light business model while continuing to invest in AI and enhancing shareholder value.
More about Meitu
Meitu, Inc. operates in the technology industry, primarily focusing on photo, video, and design products. The company is known for its fast-growing, asset-light business model and is investing in AI to enhance user experience and subscription rates.
YTD Price Performance: -0.53%
Average Trading Volume: 5,767
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.71B
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