C&D International Investment Group Unveils 2025 Scrip Dividend Scheme: Key Details for Investors
Summary of the Announcement
C&D International Investment Group Limited (Stock Code: 1908) has published a circular dated 11 June 2026, detailing its Scrip Dividend Scheme in relation to the 2025 Final Dividend. This scheme offers eligible shareholders the choice to receive the final dividend either wholly or partly in new shares (“Scrip Shares”) instead of cash. The Scrip Dividend Scheme contains information that is important for current and prospective investors, as it may impact share value and shareholders’ strategic decisions.
Key Highlights
- 2025 Final Dividend: HK\$0.9 per share has been declared for the year ended 31 December 2025, payable to shareholders on record as of 3 June 2026.
- Scrip Dividend Option: Eligible shareholders can elect to receive their dividend in new shares instead of cash, or in a combination of both.
- Important Deadlines:
- Last date cum-dividend: 28 May 2026
- Ex-dividend date: 29 May 2026
- Record Date: 3 June 2026
- Deadline for Election Form submission: 4:30 p.m. on 30 June 2026
- Despatch of cheques and share certificates: 16 July 2026
- Expected first day of dealings in Scrip Shares: 17 July 2026
- Scrip Share Price: The price for Scrip Shares is set at HK\$15.16, representing a 5% discount to the average closing price of the Company’s shares over the five trading days from 29 May to 4 June 2026.
- Potential Share Issuance: If all shareholders choose scrip, up to 132,990,680 new shares may be issued, enlarging the share capital by approximately 5.60%.
- No Outstanding Convertible Securities: There are no outstanding share options, warrants, or convertible securities as at the record date.
Important Information for Shareholders
- Action Required:
- If you wish to receive the dividend wholly in cash, no action is necessary.
- To receive Scrip Shares (in full or in part), the Election Form must be completed and returned to Tricor Investor Services Limited by the deadline.
- Fractional Shares: Fractional entitlements will be rounded down and disregarded; the benefit will accrue to the Company.
- Odd Lots: Scrip Shares may be allocated in odd lots (less than 1,000 shares). No special dealings arrangement for odd lots will be made.
- Overseas Shareholders: The scheme is open to all eligible shareholders, including those in the PRC. In the BVI, Scrip Shares can only be issued under conditions compliant with local laws. PRC shareholders via Southbound Trading Connect can participate through ChinaClear.
- Listing Condition: The scheme is conditional upon the Stock Exchange granting listing and permission to deal in the new shares.
- Tax/Disclosure Implications: Shareholders should consider potential disclosure obligations under Hong Kong’s Securities and Futures Ordinance and consult their advisers regarding tax implications.
Potential Market Impact and Price Sensitivity
- Share Capital Dilution: The potential issuance of up to 132.99 million new shares (5.60% of enlarged share capital) may affect market valuation and individual shareholder percentages, which could be price sensitive.
- Scrip Discount: The 5% discount on Scrip Shares may incentivize reinvestment, potentially supporting the share price post-dividend, but may also increase supply.
- Retention of Cash: Cash retained by the Company if shareholders opt for scrip will boost working capital, which could be positive for future growth and stability.
- Odd Lots Risk: Recipients of odd lots may face liquidity discounts if they wish to sell.
Procedural Details and Risks
- Non-Registered Shareholders: Shareholders whose shares are held via nominees or intermediaries should contact them directly for scrip election.
- Late Submissions: Late or incorrectly completed Election Forms will not be accepted; dividends will be paid in cash.
- Irrevocability: Elections, once made, cannot be withdrawn or amended.
- Trading Risk: Shareholders trading in Scrip Shares should be aware that odd lots may trade at a discount.
Conclusion
The Scrip Dividend Scheme provides shareholders with flexibility in how they receive their dividends and may have a measurable impact on the Company’s share capital structure, liquidity, and share price. Investors should review their personal financial positions, tax status, and investment objectives before making their election. If in doubt, professional advice is recommended.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their own professional advisers before making any investment or election regarding the Scrip Dividend Scheme. The Company’s share price may be affected by the implementation of the scheme, market conditions, and investors’ responses.
建發國際投資集團公布2025年紅股股息計劃：投資者須知詳情
公告重點摘要
建發國際投資集團有限公司（股份代號：1908）於2026年6月11日發出通函，公布2025年末期股息紅股計劃詳情。此計劃為合資格股東提供選擇，以現金、紅股（新股份）或兩者組合形式收取末期股息。相關內容對現有及潛在投資者均具重要性，或會對股價及股東決策帶來影響。
主要重點
- 2025年末期股息： 每股派發港幣0.9元，適用於截至2026年6月3日名列股東名冊的股東。
- 紅股選擇： 合資格股東可選擇以新股份取代現金紅利，或兩者混合。
- 重要日期：
- 除息前最後交易日：2026年5月28日
- 除息日：2026年5月29日
- 股東名冊記錄日：2026年6月3日
- 選擇表格遞交截止：2026年6月30日下午4:30
- 股息支票及紅股證書寄出日：2026年7月16日
- 紅股預期首日買賣：2026年7月17日
- 紅股發行價： 每股定價港幣15.16元，比過去5個交易日平均收市價折讓5%。
- 潛在股份發行： 若所有股東選擇紅股，最多可發行132,990,680新股，佔擴大後股本約5.60%。
- 無可轉換證券： 截至記錄日，並無尚未行使的認股權、可換股票據或其他可轉換證券。
股東須知的重要事項
- 所需行動：
- 如欲全數收取現金紅利，無須任何行動。
- 如欲收取紅股（全數或部分），須於限期前填妥及遞交選擇表格予卓佳證券登記有限公司。
- 零碎股份： 紅股數目不足一股者將被捨棄，其益處歸公司所有。
- 碎股風險： 紅股或會按非整手（少於1,000股）分派，公司不設特別安排協助碎股買賣，碎股通常折讓交易。
- 海外股東： 計劃向所有合資格股東開放，包括中國內地股東。BVI股東則需符合法律規定方可獲發紅股。經南向通持股的中國股東可透過中國結算參與。
- 上市條件： 計劃須獲聯交所批准紅股上市及買賣，否則計劃不生效，股息將全數以現金派發。
- 稅務／披露責任： 股東應留意香港證券及期貨條例的申報責任，如有疑問應諮詢專業顧問。
對市場的潛在影響及價格敏感事項
- 股本攤薄： 最多可發行1.33億新股，佔擴大後股本5.60%，有可能影響每股盈利及控股比例，屬價格敏感資訊。
- 紅股折讓： 5%折讓或吸引股東增持，有助支持股價，但同時增加市場供應。
- 現金留存： 選擇紅股者的現金將留存公司作營運資金，有利未來發展及流動性。
- 碎股風險： 收取碎股者沽出時或需以折讓價交易。
程序詳情及風險提示
- 非登記股東： 透過代理（如銀行、券商）持股者，需直接聯絡代理作出紅股選擇。
- 遲交選擇表格： 逾期或填寫錯誤，將不獲接納，股息將以現金派發。
- 選擇不可撤回： 一經遞交，不能撤回或修改。
- 交易風險： 紅股碎股交易流動性低，或需折讓。
總結
紅股計劃為股東提供靈活分紅選擇，或對公司股本結構、流動性及股價帶來影響。投資者應根據自身財務狀況、稅務地位及投資目標慎重考慮。如有疑問，建議尋求專業意見。
免責聲明： 本文僅供資訊參考，並不構成任何投資建議。投資者就紅股計劃選擇前，應諮詢專業顧問。公司股價或受計劃推行情況、市場變化及投資者反應影響。
