Liaoning Port Co., Ltd. 遼寧港口股份有限公司
Listing Decision LD131-2021 decoded
| Circular
SEHK, 30-Jul-2021
From a circular dated 10-Sep-2020 we know that listco A is Liaoning Port (2880), Target Company = Yingkou Port (600317.SH), X = Liaoning Port Group, Y = China Merchants Group and the Provincial Government is Liaoning. Why not just name them?
SEHK, 30-Jul-2021
From a circular dated 10-Sep-2020 we know that listco A is Liaoning Port (2880), Target Company = Yingkou Port (600317.SH), X = Liaoning Port Group, Y = China Merchants Group and the Provincial Government is Liaoning. Why not just name them?
Dalian Port (2880) seeks shareholders' approval to destroy value
Company announcement, 24-Mar-2016
The announcement, filed in mark-up form, proposes an issue of 3 so-called "Dividend Bonus Shares" for every 10 held, by capitalising retained earnings. It doesn't disclose that for most H-shareholders, there will be a witholding tax of 10% on par value, costing holders $0.03 per existing share, deducted from the cash dividend of $0.075, increasing the effective tax on that from 10% to 50%. DP says this is "a return to the long-term support and care of the Shareholders". That's false and misleading. Even without the tax, bonus shares do not provide an additional return.
Company announcement, 24-Mar-2016
The announcement, filed in mark-up form, proposes an issue of 3 so-called "Dividend Bonus Shares" for every 10 held, by capitalising retained earnings. It doesn't disclose that for most H-shareholders, there will be a witholding tax of 10% on par value, costing holders $0.03 per existing share, deducted from the cash dividend of $0.075, increasing the effective tax on that from 10% to 50%. DP says this is "a return to the long-term support and care of the Shareholders". That's false and misleading. Even without the tax, bonus shares do not provide an additional return.
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