Xingda International (HKG:1899) scheduled a board meeting for Jan. 20 to consider and approve a special dividend to shareholders, according to a Hong Kong bourse filing Thursday.
Shares of the radial tire cords maker jumped nearly 4% in late morning trade Friday.
The firm said it will share details of the special dividend at a later date.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments