Plastec Technologies Declares Special Cash Dividend of $0.35 Per Share
Plastec Technologies (OTCBB: PLTYF) has declared a special one-time cash dividend of $0.35 per share, payable on December 20, 2024, to shareholders of record as of December 13, 2024. The dividend will be funded from the company's cash position of $12.2 million as of June 30, 2024. Additionally, the company's subsidiary, Viewmount Development , has sold its 100% stake in Sun Line Industrial to an independent third party for HKD4.65 million, approximately equivalent to Sun Line's net book value. The sale aims to streamline the group's organizational structure given operations.
Plastec Technologies (OTCBB: PLTYF) ha dichiarato un dividendo speciale una tantum in contante di $0,35 per azione, che sarà pagato il 20 dicembre 2024, agli azionisti registrati al 13 dicembre 2024. Il dividendo sarà finanziato dalla posizione di cassa dell'azienda, pari a 12,2 milioni di dollari al 30 giugno 2024. Inoltre, la filiale dell'azienda, Viewmount Development, ha venduto la sua partecipazione del 100% in Sun Line Industrial a una terza parte indipendente per HKD4,65 milioni, equivalente a circa il valore contabile netto di Sun Line. La vendita mira a semplificare la struttura organizzativa del gruppo, tenendo conto delle operazioni.
Plastec Technologies (OTCBB: PLTYF) ha declarado un dividendo en efectivo único especial de $0.35 por acción, que se pagará el 20 de diciembre de 2024, a los accionistas registrados hasta el 13 de diciembre de 2024. El dividendo se financiará con la posición de efectivo de la empresa de 12.2 millones de dólares a partir del 30 de junio de 2024. Además, la subsidiaria de la empresa, Viewmount Development, ha vendido su participación del 100% en Sun Line Industrial a un tercero independiente por HKD4.65 millones, aproximadamente equivalente al valor contable neto de Sun Line. La venta tiene como objetivo simplificar la estructura organizativa del grupo, considerando las operaciones.
Plastec Technologies (OTCBB: PLTYF)는 주당 $0.35의 특별 일회성 현금 배당금을 선언하였으며, 이는 2024년 12월 20일에 2024년 12월 13일 기준 주주에게 지급됩니다. 배당금은 2024년 6월 30일 기준 1,220만 달러의 회사 현금 잔고에서 지원됩니다. 또한, 회사의 자회사인 Viewmount Development는 Sun Line Industrial의 100% 지분을 독립 제3자에게 HKD4.65백만에 매각하였습니다. 이는 Sun Line의 순자산가치에 상당합니다. 이번 매각은 운영을 감안하여 그룹의 조직 구조를 간소화하는 것을 목표로 하고 있습니다.
Plastec Technologies (OTCBB: PLTYF) a déclaré un dividende spécial unique en espèces de 0,35 $ par action, qui sera payable le 20 décembre 2024, aux actionnaires inscrits au 13 décembre 2024. Le dividende sera financé par la position de trésorerie de l'entreprise, qui s'élevait à 12,2 millions de dollars au 30 juin 2024. De plus, la filiale de l'entreprise, Viewmount Development, a vendu sa participation de 100 % dans Sun Line Industrial à un tiers indépendant pour 4,65 millions HKD, soit environ la valeur nette comptable de Sun Line. La vente vise à rationaliser la structure organisationnelle du groupe compte tenu des opérations.
Plastec Technologies (OTCBB: PLTYF) hat eine einmalige Sonderdividende in Höhe von $0,35 pro Aktie erklärt, die am 20. Dezember 2024 an Aktionäre gezahlt wird, die am 13. Dezember 2024 im Aktienregister stehen. Die Dividende wird aus der liquiden Mittelposition des Unternehmens in Höhe von 12,2 Millionen US-Dollar zum 30. Juni 2024 finanziert. Darüber hinaus hat die Tochtergesellschaft des Unternehmens, Viewmount Development, ihren 100%igen Anteil an Sun Line Industrial für HKD4,65 Millionen an einen unabhängigen Dritten verkauft, was ungefähr dem Netto-Buchwert von Sun Line entspricht. Der Verkauf zielt darauf ab, die Organisationsstruktur der Gruppe unter Berücksichtigung der Abläufe zu straffen.
- Special cash dividend of $0.35 per share announced
- Strong cash position of $12.2 million as of June 30, 2024
- Sale of Sun Line Industrial subsidiary for HKD4.65 million
- operations acknowledged by management
- Disposal of operational assets indicating business contraction
Announces Sale of Sun Line Industrial Limited Subsidiary
The Company also announced that Viewmount Development Limited, the Company’s wholly-owned subsidiary, consummated the sale of the
Mr. Kin Sun Sze-To, Chairman of the Company, stated, “As we continue to explore ways to deliver value to all of our stakeholders, we believe that a special dividend is the most effective way to return capital to shareholders at this time. Furthermore, we remain committed to monetize assets that no longer fit our going forward strategy, while at the same time, due to our strong balance sheet we are well-positioned to act quickly on any new opportunities that may arise.”
Forward Looking Statements
This press release contains “forward-looking statements.” These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241129293934/en/
Plastec Technologies, Ltd.
HL Ning, Chief Financial Officer
ning@plastec.com.hk
INVESTOR RELATIONS:
The Equity Group Inc.
Alice Zhang, Associate
(212) 836-9610 / azhang@equityny.com
Lena Cati, Senior Vice President
(212) 836-9611 / lcati@equityny.com
Source: Plastec Technologies, Ltd.
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