SINOPEC Engineering Announces Special Dividend and Sets Withholding Tax Framework
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SINOPEC Engineering (Group) Co., Ltd. has announced a special dividend of RMB 0.094 per share for the financial year ending December 31, 2025, payable on July 17, 2026, pending shareholder approval. The company outlined withholding tax arrangements for non-resident and domestic investors, with rates of 10% or 20%. This move highlights the company's commitment to returning capital to shareholders and may enhance its attractiveness to investors. The latest analyst rating for the stock is a Buy with a target price of HK$8.40.
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