Far East Horizon Completes Special Dividend Distribution

Far East Horizon Limited (HK:3360) recently announced an update. The company completed its Distribution in Specie, distributing over 799 million HCD Shares to shareholders based on their holdings as of June 14, 2024. This special dividend ensures that Far East Horizon Limited maintains a 41.69% direct ownership in HCD, allowing it to remain a subsidiary and be included in the company’s consolidated financial statements. Additionally, qualifying shareholders have been offered a matching service for the sale and purchase of odd lots of HCD Shares at no additional cost. For more information on HK:3360 stock, interested individuals can visit TipRanks’ Stock Analysis page.