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Huatai Securities proposes H1 interim dividend, plans unit capital injection

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Huatai Securities proposes H1 interim dividend, plans unit capital injection

Huatai Securities Co. Ltd. declared an interim dividend of 30 fen per share for the first half.

The company did not declare a similar dividend in the prior-year period.

In addition, the company said it plans to raise the registered capital of its unit Huatai International Financial Holdings Co. Ltd. to 10.8 billion yuan from 8.8 billion yuan. The investment is aimed at further developing the wholly owned unit's overseas business and related investments.

The dividend and capital injection are subject to shareholder approvals.

As of Aug. 31, US$1 was equivalent to 6.83 Chinese yuan.