Suning a Aseptic valves nnounces dividend plan

Suning a Aseptic valves nnounces dividend plan
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Suning announces dividend planPublished: 06 Apr 2009 16:39:25 PST

 

Apr. 7, 2009 (China Knowledge) - Suning Appliance Co Ltd<002024>, one of the largest privately-owned electrical appliance retailers in China, has agreed to issue a dividend and grant more shares to its shareholders.

The company plans to declare a dividend of about RMB 0.3 per 10 shares (including tax). The after-tax dividend for both domestic shareholders and qualified foreign institutional investors (QFIIs) will be RMB 0.07 per 10 shares.

Meanwhile, the company will issue shareholders 3 new shares per 10 shares.

When share issuance is completed, the company will have 4.49 billion shares, whereas it has around 2.99 billion shares currently.

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