- Home
- Corporate Governance
- News & Events
- Material Information
- Announcement of the BOD's approval of the Earnings Distribution on behalf of the Company's 100% owned major subsidiaries
2022-03-07
Back to list
Announcement of the BOD's approval of the Earnings Distribution on behalf of the Company's 100% owned major subsidiaries
Subject：Announcement of the BOD's approval of the Earnings Distribution on behalf of the Company's 100% owned major subsidiaries
To which item it meets： paragraph 14
To which item it meets： paragraph 14
1.Date of the board of directors resolution:2022/03/07
2.Type and monetary amount of dividend distribution:
(1) Sinyi Real Estate (Hong Kong) Limited:
Cash dividend of US$56,132,000 are distributed.
(3) SINYI DEVELOPMENT LTD.(Samoa)(holding company of (1)):
Cash dividend of US$56,132,000 are distributed.
3.Any other matters that need to be specified:
The source of funds for the above-mentioned distribution is from the
announcement on February 15, 2022 that Siniy Real Estate(Shanghai) Limited
distributed earnings(after tax) to Sinyi Real Estate (Hong Kong) Limited.
After Sinyi Real Estate (Hong Kong) Limited distributes the earnings which
will finally be distributed to SINYI DEVELOPMENT LTD.(Samoa) to SINYI
DEVELOPMENT LTD.(Samoa).