Liaoning Port Co., Ltd. 遼寧港口股份有限公司
Listing Decision LD131-2021 decoded
| Circular
SEHK, 30-Jul-2021
From a circular dated 10-Sep-2020 we know that listco A is Liaoning Port (2880), Target Company = Yingkou Port (600317.SH), X = Liaoning Port Group, Y = China Merchants Group and the Provincial Government is Liaoning. Why not just name them?
SEHK, 30-Jul-2021
From a circular dated 10-Sep-2020 we know that listco A is Liaoning Port (2880), Target Company = Yingkou Port (600317.SH), X = Liaoning Port Group, Y = China Merchants Group and the Provincial Government is Liaoning. Why not just name them?
Dalian Port (2880) seeks shareholders' approval to destroy value
Company announcement, 24-Mar-2016
The announcement, filed in mark-up form, proposes an issue of 3 so-called "Dividend Bonus Shares" for every 10 held, by capitalising retained earnings. It doesn't disclose that for most H-shareholders, there will be a witholding tax of 10% on par value, costing holders $0.03 per existing share, deducted from the cash dividend of $0.075, increasing the effective tax on that from 10% to 50%. DP says this is "a return to the long-term support and care of the Shareholders". That's false and misleading. Even without the tax, bonus shares do not provide an additional return.
Company announcement, 24-Mar-2016
The announcement, filed in mark-up form, proposes an issue of 3 so-called "Dividend Bonus Shares" for every 10 held, by capitalising retained earnings. It doesn't disclose that for most H-shareholders, there will be a witholding tax of 10% on par value, costing holders $0.03 per existing share, deducted from the cash dividend of $0.075, increasing the effective tax on that from 10% to 50%. DP says this is "a return to the long-term support and care of the Shareholders". That's false and misleading. Even without the tax, bonus shares do not provide an additional return.
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy