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Greentown China Flat but sending special dividend to enhance valuation appeal

Source: Internet
Author: User
Keywords Hong Kong dollar end
Tags company continued development distribution higher higher than opened stock
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Recently, the company's chief executive, Shou, said that this year to sell the continued hot and proposed special dividend of the Greentown China, the stock price this morning before trading, the final flat opened in HK $11.04, 1.3 million shares, did not respond positively to its distribution of special dividends to be implemented positive. As a result of the announcement, the special dividend for the year ended 08 was $0.18 per share (about HK $0.21), with an annual share of HK $0.53, which was a significant increase of 47% over 07. The calculated Greentown China's current price dividend rate of 5.8%, higher than the Chinese Overseas development (00688-HK) and China Resources Land (01109-HK) and other large internal housing units.

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