Summary by Moomoo AI
On August 2, 2024, Longfor Group announced that it will calculate the number of distributions and new share issuance according to the plan of dividend in shares at the end of the 2023 fiscal year. The market capitalization of the new shares will be calculated at HKD 9.798 based on the average closing price of the five trading days before August 2, 2024. If qualified shareholders choose to receive new shares in lieu of cash dividends, they will be entitled to receive new shares at a conversion rate of HKD 0.2525 per share based on the final dividend. If shareholders choose to receive all or part of their dividends in cash, no action is required. If they choose to receive new shares, they need to submit the selection form before 4:30 pm on August 12, 2024. The company will apply for the listing of new shares on the Stock Exchange of Hong Kong and is expected to begin trading on August 23, 2024, while cash dividends will be sent to shareholders by ordinary mail on August 22, 2024.
