HK Stock Market Move | HENGDELI (03389) surges over 20%, proposes special dividend of HK$0.266 per share, involving approximately HK$1.17 billion

HENGDELI (03389) surged over 20%, rising 20.59% as of press time to HK$0.41, with a turnover of HK$12.5543 million. On the news front, HENGDELI announced on the evening of September 28 that the board of directors has resolved to recommend the declaration and payment of a special dividend of HK$0.266 per ordinary share from the share premium account, as a gesture of appreciation for shareholders' long-term support. Based on the total number of issued shares of the company as of the announcement date, if approved by shareholders, the special dividend will amount to approximately HK$1.17 billion in total. Public information shows that HENGDELI is an international luxury watch retail and watch accessory manufacturing group, with major shareholders including: the Cheung family, and the internationally renowned watch manufacturer and distributor Swatch Group, among others.