Hing Lee (HK) Holdings Limited (HK:0396) has released an update.
Hing Lee (HK) Holdings Limited has announced a special general meeting to approve a Sale and Purchase Agreement, a share premium account cancellation and a special dividend distribution. The meeting, set for 16 August 2024, will involve shareholder votes on key resolutions, including a significant reduction of the share premium account to offset accumulated losses and enable future dividends. Shareholders will also deliberate on a special cash dividend of HK7.51 cents per share post disposal and share premium cancellation.
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