China Merchants Securities Co., Ltd. Class H (HK:6099) has released an update.
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China Merchants Securities Co., Ltd. has announced an interim ordinary dividend of RMB 1.01 per 10 shares, with the corresponding payment in HKD set at 1.11 per 10 shares, following the exchange rate of RMB 1 to HKD 1.094449. Shareholders must lodge transfer documents by September 13, 2024, to be entitled to the dividend, which will be paid on October 14, 2024. Additionally, withholding tax rates on the dividend will vary based on shareholder residency, with non-resident individuals typically facing a 10% rate, while residents within PRC are subject to a 20% rate.
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