Core Viewpoint - Hong Kong Zhonglv (0308.HK) has announced a distribution of its tourism real estate business to shareholders in physical form, with an option for cash compensation [1] Group 1: Distribution Details - The distribution will be implemented on a basis of one share of the private company for each share held [1] - Shareholders opting for cash will receive HKD 0.336 per share, representing approximately 21.96% of the last closing price of HKD 1.53 [1] Group 2: Business Structure Post-Distribution - After the proposed distribution, the private company will no longer be a subsidiary of Hong Kong Zhonglv, and shareholders will hold shares in the private company [1] - The company will continue to operate its retained businesses, which include tourism attractions, travel documentation, hotel operations, and passenger services [1] Group 3: Capital Reduction Proposal - The board has proposed a capital reduction, decreasing the company's capital from HKD 92.22 billion to HKD 7.22 billion by reducing the capital account by HKD 85 billion [1] - The HKD 85 billion generated from the capital reduction will be transferred to retained earnings, which can be used as distributable reserves according to the company's articles of association and regulations [1]
香港中旅以实物形式向股东分派旅游地产业务