BUZZ-China's BYD jumps on cash dividend, bonus shares

Reuters2025-04-23
BUZZ-China's BYD jumps on cash dividend, bonus shares

** Chinese EV maker BYD's Hong Kong-listed shares 1211.HK jump 6.2% to HK$399, their highest since March 31

** Stock set for third consecutive session of gains and is the 5th biggest pct gainer on Hang Seng China Enterprises Index .HSCE, which climbs 2.2%

** BYD's Shenzhen-listed stock 002594.SZ surges as much as 6.5% to 378 yuan, highest since March 31

** The EV major proposed new 2024 profit distribution plan and capital reserve capitalization plan distributing a cash dividend of 39.74 yuan ($5.45) per 10 shares, an issue of eight bonus shares for every 10 shares, and an issue of 12 capitalization shares for every 10 shares

** BYD is overhauling its European operations after strategic stumbles, six current and former BYD executives said

** YTD, Hong Kong stock up 47.5%, Shenzhen shares up 25.5% ($1 = 7.2952 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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