HKEX Forfeits HK$16 Million in Unclaimed 2019 Interim Dividends

Hong Kong Exchanges & Clearing ( (HK:0388) ) just unveiled an announcement.

Hong Kong Exchanges and Clearing Limited (HKEX), the operator of Hong Kong’s securities and derivatives markets, provides core exchange, listing and clearing services that position the city as a major regional and global financial hub. Its governance structure includes a predominantly independent board and a single executive director serving as chief executive, reflecting a strong emphasis on oversight and regulatory alignment.

HKEX has announced the forfeiture of HK$15,988,428.24 in unclaimed second interim dividends for 2019, originally payable on 15 April 2020, which have reverted to the company under its Articles of Association after remaining unclaimed for six years. The move modestly boosts HKEX’s retained funds and underscores the importance for shareholders to claim dividends within the stipulated period, while having no stated impact on its dividend policy or broader market operations.

The most recent analyst rating on (HK:0388) stock is a Buy with a HK$525.00 price target. To see the full list of analyst forecasts on Hong Kong Exchanges & Clearing stock, see the HK:0388 Stock Forecast page.

More about Hong Kong Exchanges & Clearing

Hong Kong Exchanges and Clearing Limited (HKEX) operates Hong Kong’s stock and derivatives exchanges and related clearing houses, providing listing, trading, and post-trade services for equities and other securities. It plays a central role in Hong Kong’s financial markets, serving both local and international issuers and investors as a key market infrastructure operator.

Average Trading Volume: 4,944,257

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$513.5B

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