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Guangzhou Automobile Group Co ( (HK:2238) ) has provided an announcement.
Guangzhou Automobile Group Co., Ltd. announced a final cash dividend of RMB 0.02 per share for the financial year ending December 31, 2024, with shareholders’ approval obtained on May 23, 2025. The dividend will be paid in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.08738, and is subject to withholding tax rates of 10% for non-resident enterprises and individuals, and 20% for Southbound Trading investors. This announcement reflects the company’s commitment to returning value to shareholders while adhering to tax regulations, potentially impacting investor sentiment and market positioning.
The most recent analyst rating on (HK:2238) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on Guangzhou Automobile Group Co stock, see the HK:2238 Stock Forecast page.
More about Guangzhou Automobile Group Co
Guangzhou Automobile Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the automotive industry. The company focuses on the production and sale of automobiles and related components, serving both domestic and international markets.
Average Trading Volume: 25,590,045
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$72.07B
For detailed information about 2238 stock, go to TipRanks’ Stock Analysis page.