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Shanghai Pharmaceuticals Declares Final Dividend for 2024

Story Highlights
  • Shanghai Pharmaceuticals announces a final dividend of RMB 2.9 per 10 shares.
  • Dividend subject to withholding tax, impacting financial operations and shareholder relations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Shanghai Pharmaceuticals Holding Co ( (HK:2607) ) has shared an update.

Shanghai Pharmaceuticals Holding Co., Ltd. announced a final cash dividend of RMB 2.9 per 10 shares for the financial year ending December 31, 2024. This announcement reflects the company’s ongoing commitment to returning value to its shareholders. The dividend will be subject to withholding tax, with specific rates depending on the shareholder’s residency and applicable tax treaties with China. This move is likely to impact the company’s financial operations and shareholder relations, reinforcing its position in the market.

More about Shanghai Pharmaceuticals Holding Co

Shanghai Pharmaceuticals Holding Co., Ltd. operates in the pharmaceutical industry, focusing on the production and distribution of pharmaceutical products and healthcare services. The company is a significant player in the Chinese market, catering to both domestic and international demands.

YTD Price Performance: -8.59%

Average Trading Volume: 33,967

Technical Sentiment Signal: Sell

Current Market Cap: $7.67B

For detailed information about 2607 stock, go to TipRanks’ Stock Analysis page.

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