08 May 2020
As companies listed in Hong Kong enter the annual cycle of results announcements, reporting and annual general meetings, the market has seen a number of companies announcing no dividends or a cancellation of dividends previously declared. The perennial question of apportioning profits between distribution and retention bears an acute significance this year.
Company directors are facing a challenging task. The desire to meet shareholders’ expectations and reassure the market about their company’s financial strength is weighed against future cash flow concerns.
This material is provided for general information only. It does not constitute legal or other professional advice.
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