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ChinaBank declaration of cash and stock dividends

The Board of Directors of China Banking Corporation (ChinaBank) approved in May 2, 2012 the declaration of 12% cash dividend equivalent to P12.00 per share and 10% stock dividend to come from the Bank's unissued shares with any fractional share resulting therefrom to be rounded-up to one (1) share.
The declaration shall be issued/paid based on the existing capital structure of the Bank of 200,000,000 shares, subject to the ratification by the stockholders at the annual meeting on 03 May 2012, and by the Bangko Sentral ng Pilipinas (BSP).

The record and issuance/payment of the dividends will be fixed by the Board after verification or approval thereof by the BSP and the approval in principle of the listing of stock dividend by the Philippine Stock Exchange, Inc. and the Securities and Exchange Commission.
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"ChinaBank declaration of cash and stock dividends" was written by Mary under the Banking category. It has been read 2540 times and generated 0 comments. The article was created on and updated on 03 May 2012.
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