Yankuang Energy Group Company Limited Class H (HK:1171) has released an update.
Yankuang Energy Group Company Limited has announced a bonus share issue, offering 3 bonus shares for every 10 shares held by investors as of the end of the financial year on December 31, 2023. Shareholders approved the distribution on June 21, 2024, with the bonus shares set to be dispatched on July 30 and dealing to commence the following day. A withholding tax of 10% will be applied to non-resident enterprise and individual shareholders, while resident individuals in the PRC will be subject to a 20% tax rate.
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