Hong Fok Corporation Announces Proposed Dividend, Shareholders to Benefit

In a move that could potentially impact the share price of Hong Fok Corporation Limited (the “Company”), the company has announced a proposed first and final tax-exempt (one-tier) dividend of 1 cent per ordinary share for the financial year ended 31 December 2024 (the “Proposed Dividend”). 1
Key Highlights:
The Proposed Dividend is subject to shareholders’ approval at the upcoming Annual General Meeting (AGM) on 30 April 2025. 1
The Share Transfer Books and Register of Members of the Company will be closed at 5.00 p.m. on 14 May 2025 to determine shareholders’ entitlements to the Proposed Dividend. 1
Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with the shares as at 5.00 p.m. on the Record Date (14 May 2025) will be entitled to the Proposed Dividend. 1
If approved, the Proposed Dividend will be paid on 27 May 2025. 1
Potential Impact on Share Price: The announcement of the Proposed Dividend could be seen as a positive development for the Company, as it indicates the management’s confidence in the financial performance and future prospects of the business. Shareholders may view the Proposed Dividend as a return on their investment, potentially leading to an increase in the Company’s share price.
It is important for investors to closely follow the outcome of the upcoming AGM, as the approval of the Proposed Dividend will be a key factor in determining the Company’s share price performance in the near future.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and due diligence before making any investment decisions. The author and the publication are not responsible for any investment decisions made based on the information provided in this article.

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