Giordano Sets Deadline for Unclaimed 2020 Dividend Before Forfeiture

Giordano International ( (HK:0709) ) has provided an announcement.

Giordano International has announced that, in line with its bye-laws, any dividends remaining unclaimed for six years from declaration may be forfeited and revert to the company. This policy reflects standard corporate governance practice aimed at resolving long-outstanding liabilities and cleaning up legacy items on the balance sheet.

The board has specified that the final dividend declared on March 10, 2020 will be forfeited if it remains unclaimed on or after April 24, 2026. Eligible shareholders are urged to arrange collection or cash their dividend warrants by that deadline, a step that safeguards their entitlements while allowing the company to eventually extinguish dormant obligations.

The most recent analyst rating on (HK:0709) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Giordano International stock, see the HK:0709 Stock Forecast page.

More about Giordano International

Giordano International Limited is a Hong Kong-listed apparel retailer and brand operator incorporated in Bermuda. The company focuses on casual clothing and accessories, serving mass-market consumers across its core Asian markets and other international locations through a network of retail outlets and distribution channels.

Average Trading Volume: 952,903

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.42B

For detailed information about 0709 stock, go to TipRanks’ Stock Analysis page.