Li & Fung plans to split the logistic activities listed next year, with a gain of more than 50% as dividend
"Economic News Agency 22nd Newsletter" Li & Fung (00494) announced its interim results and decided to integrate logistics activities in Hong Kong
The Exchange is listed separately and employs professional external consultants for potential spin-offs and independence from LF Logistics.
Offer advice on the market.
After the company becomes independent, it is expected that the Group will remain the controlling shareholder of LF Logistics and will remain in our annual accounts.
The performance of the combined LFL technology. Depending on market conditions and other factors, the time-to-market is expected to be already next year.
Half a year.
Moreover, in the three-year business development plan (2017-2019), the dividends of the company are divided among the company shares of the group.
East should justify profit as a benchmark. Li & Fung expects to distribute dividends from 50% to 70% of the annual profit to shareholders of the Group's companies. for real
The percentage of the quality of the distribution will be determined by the board of directors based on company results, cash flow, financial status, business outlook and dividend payment.
Legal and legal restrictions and other factors that the Council deems relevant are fixed. (Cy)