Sunac China Holdings Ltd.'s board proposed a final dividend of 25.7 Chinese fen per share for the year ended Dec. 31, 2016, worth about 991 million yuan in aggregate.

The proposed dividend will require approval from shareholders during the company's scheduled annual general meeting May 22.

Sunac China expects to pay the final dividend in Hong Kong dollars on or about July 14 to shareholders of record as of May 31.

As of March 28, US$1 was equivalent to 6.89 Chinese yuan.