After receiving shareholders'opinions regarding the plan to pay dividends in 2016, CII BOD has agreed on that 2016 dividend will be equivalent to 20% par value.
Expected dividends payout timeline is as follow:
- Phase 1: Phase 1 dividends are expected to be paid in July or August 2016 and will be equivalent to 6.5% par value
- Phase 2: Phase 2 dividends are expected to be paid prior to 2017 Lunar New Year, and will be equivalent to 6.5% par value
- Phase 3: Phase 3 dividends are expected to be paid in April 2017, prior to 2016 General Shareholders Meeting, and will be equivalent to 7% par value
Best regards.