REPL::Cash Dividend/ Distribution::Mandatory

Issuer & Securities

Issuer/ Manager
SHANGHAI TURBO ENTERPRISES LTD
Security
SHANGHAI TURBO ENTERPRISES LTD - KYG8064W1160 - AWM

Announcement Details

Announcement Title
Mandatory Cash Dividend/ Distribution
Date &Time of Broadcast
28-Oct-2016 15:17:13
Status
Replacement
Corporate Action Reference
SG160930DVCANL4J
Submitted By (Co./ Ind. Name)
Liu Ming
Designation
CEO cum Executive Director
Dividend/ Distribution Number
Not Applicable
Dividend/ Distribution Type
Final
Financial Year End
31/12/2015
Declared Dividend/ Distribution Rate (Per Share/ Unit)
CNY 0.25

Event Narrative

Narrative Type
Narrative Text
Additional TextWith reference to the announcement on Notice of Book Closure Date for Dividend released on 30 September 2016, the final dividend for the financial year ended 31 December 2015 was scheduled to be paid on 28 October 2016.
Additional TextFunds remitted from the operating subsidiary, Changzhou 3D Technological Complete Set Equipment Co., Limited, was confirmed received in Hong Kong by its parent company, Best Success (Hong Kong) Limited and confirmed remitted out to The Central Depository (Pte) Limited today at 12:10 pm by the Bank.
Additional TextAs a result of this longer than usual clearance process by the Bank in Hong Kong which caused the unexpected delay in the remittance of funds to Singapore, the Company regrets to inform that the payment of the final dividend will be delayed by about a few days. The Company sincerely apologises for the delay and any inconvenience caused.
Additional TextThe final dividend will be paid on or before 8 November 2016.

Event Dates

Record Date and Time
10/10/2016 17:00:00
Ex Date
06/10/2016

Dividend Details

Payment Type
Tax Not Applicable
Gross Rate (Per Share)
CNY 0.25
Net Rate (Per Share)
CNY 0.25
Pay Date
08/11/2016
Gross Rate Status
Actual Rate

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Applicable for REITs/ Business Trusts/ Stapled Securities