WECON HOLDINGS (01793.HK) proposes special dividend of HK$0.1875 per share, HK$150 million in total
NewTimeSpace News: On November 9, 2026, Wecon Holdings Limited (01793.HK) announced that at its board meeting held on Monday, November 9, 2026, the board proposed the declaration and payment of a one-off special dividend of HK$0.1875 per share out of the company's retained profits.
As at the date of the announcement, the company has 800,000,000 issued shares and holds no treasury shares and no repurchased shares pending cancellation. On that basis, the special dividend, if declared and paid, would amount to HK$150,000,000 in aggregate. As at March 31, 2026, according to the group's audited consolidated financial statements, the group's retained profits stood at approximately HK$221,342,000. The company expects to receive dividends distributed by its subsidiaries before the extraordinary general meeting, at which point it will have sufficient distributable profits to pay the special dividend in full, leaving a retained profits balance of approximately HK$71,342,000. The board considers that the group has sufficient cash and cash flow to pay the special dividend without any material adverse impact on its financial position, and that the current financial position and profitability justify the distribution, which also recognises shareholders' support for the company.
Payment of the special dividend is conditional upon (i) the company having received dividends from its subsidiaries before the extraordinary general meeting, giving it sufficient distributable profits to pay the special dividend in full, and (ii) shareholders approving the declaration and payment by ordinary resolution. These conditions cannot be waived, and the special dividend will not be paid if either is not fulfilled. Subject to fulfilment, the special dividend is expected to be paid in cash on or around Friday, December 18, 2026 to shareholders on the register of members at the close of business on Monday, December 7, 2026. The company will hold an extraordinary general meeting at 10:30 a.m. on Monday, November 30, 2026. To determine eligibility to attend and vote, the register of members will be closed from November 25 to November 30, with transfer documents required by 4:30 p.m. on November 24; to determine entitlement to the special dividend, the register will be closed again from December 4 to December 7, with transfer documents required by 4:30 p.m. on December 3.
