China Star Food Group Ltd. (SG:42W) has released an update.
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Zixin Group Holdings Limited has announced that it will not issue dividends for FY2024, opting instead to conserve cash amid uncertain market conditions in China and fund its operational expansion. While acknowledging a net profit, the company prioritizes maintaining ample cash reserves to minimize potential disruption costs and continue its growth strategies. Share awards have been granted to senior management for their role in securing key infrastructure and partnerships, with future dividend declarations to be assessed annually post-FY2025.
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