Summary by Moomoo AI
Longhu Group announced on 19 January 2024 that the market value of its 2023 interim dividend under the Share Dividend Plan New Share Plan has been set at HK$9.266 per share. The program allows eligible shareholders to convert their received interim dividends into new shares of the company. The number of new shares will be calculated based on the average closing price of each existing share and adjusted downwards to the nearest integer. Under the plan, the new shares will not enjoy an interim dividend in 2023, but in other respects will enjoy the same benefits as existing shares. Shareholders who choose to receive dividends in full in cash are not required. If they choose to receive dividends in new or partial dividends and cash, they must submit the option form by 26 January 2024. The company expects the new shares to begin trading on the exchange on February 9, 2024.