Just as a suggestion, given that everyone who has Tencent shares in stockscafe would have same problem with this dividend-in-specie treatment, if there’s a standard way of managing this dividend in stockscafe, can it be made standard automatically rolled out to everyone in stockscafe?
Hi Evan, there’s a similar dividend distribution where CityDev is issuing shares of CDL H Trust (XD, XE earlier in May). Would a similar workaround do as well?
What I will likely do is create a BUY transaction of 0.057 SGX:HMN for each one share of SGX:9CI. The question is at what price? I personally do not recommend being 0. I would either recommend it to be close of ExDate or how much it actually cost SGX:9CI to give out SGX:HMN (as theorectically that amount can be used to pay dividends to holders).
Btw, can you also give me the officially announcement if you have?
Hi there, recently there’s a Dividend-in-specie for Tencent (1 Meituan for every 10 Tencent shares). However, under EVENT i didn’t find anything shown there, nor anything for Tencent under DIVIDEND tab. Kindly advise? Thank you.