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Chow Tai Fook to issue special dividend

Chow Tai Fook Jewellery Group Ltd. announced June 14 that its board recommends a special dividend payout of 30 Hong Kong cents per share for the year ended March 31.

The special dividend, along with the company's final dividend of 15 Hong Kong cents per share, will be paid to registered shareholders Aug. 15.

Chow Tai Fook opted to not reappoint Deloitte Touche Tohmatsu Ltd. as its auditor, effective at the close of the company's annual general meeting July 26.

Deloitte, which has been the jeweler's independent auditor since 2011, will be succeeded by PricewaterhouseCoopers in line with the luxury firm's decision to rotate its auditor after a certain period of time.

The appointment of PwC is subject to shareholder approval.