To approve a final single tier dividend of 43.5 cents per share in respect of the financial year end 31 December 2017.
the 59th HENGYUAN AGM and to vote (FOR/AGAINST) the resolutions with or without modification: ============================================================
cannot be done by then audited for the year already signed. in any case 2 sen dividend already gone ex.
Dear qqq3, The 2 cent dividend already ex is interim dividend. Final dividend needs shareholders approval at AGM. If approval obtained then BOD will decide on ex and payment date. This final dividend has no effect on Audited 2017 financial report but had to be account for in 2018 financial report. My understanding can be wrong but my intention is not fighting anyone but to encourage minority shareholders to exercise their right to put forward their reasonable requests/resolutions to be debated at the AGM. If this requisition is successful going into voting stage then a precedent is set and such move can be apply onto any listed companies. Hopefully what we intend to do in Hengyuan will resonate into a major activism movement where minority shareholders right can no more be ignored by major shareholder that controlled the board anymore. I am now preparing questions I would like to bring up during the incoming AGM and one of the questions is: Will the board consider rewarding the shareholders with share split, bonus share, and free warrant?
Dear qqq3, The 2 cent dividend already ex is interim dividend. Final dividend needs shareholders approval at AGM. If approval obtained then BOD will decide on ex and payment date. This final dividend has no effect on Audited 2017 financial report but had to be account for in 2018 financial report ==============
well, final dividend for FY 2017 have to be incorporated in the audited accounts for FY 2017....in the form of a provision.
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qqq3
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Posted by qqq3 > 2018-03-26 15:40 | Report Abuse
To approve a final single tier dividend of 43.5 cents per share in respect of the financial year end 31 December 2017.
the 59th HENGYUAN AGM and to vote (FOR/AGAINST) the resolutions with or without modification:
============================================================
cannot be done
by then audited for the year already signed.
in any case 2 sen dividend already gone ex.
u need to choose your fight