Huons Global, to pay some merger shares in kind to ordinary shareholders

Huons Global(084110) announced that it had decided to pay ordinary shareholders some of the new shares acquired through the merger between subsidiaries in kind. The company said the measure was part of its shareholder return policy. The announcement was made 8on 8.

According to the company’s announcement, it finalized a shareholder return plan after opposition emerged among some minority shareholders. The company said it had organized and disclosed the related plan in response to the opposition. The announcement date is 8.

An in-kind dividend is a method of distributing assets instead of cash. In this case, some of the new shares acquired through the merger will be distributed in kind. The company said it would pay the shares as a dividend to ordinary shareholders.

This in-kind dividend is linked to a merger between subsidiaries. Some of the new shares acquired by the company as a result of the merger were mentioned as being subject to the dividend. The company presented this as a shareholder-return policy.

The report summary did not provide specific figures, such as detailed criteria or the ratio for the dividend. The summary stated that the company finalized its shareholder-return policy and announced the related details that day. Additional details need to be confirmed through the company’s disclosure.

This announcement is summarized as a statement of the company’s position. The disclosed content concerns the decision to pay an in-kind dividend on some of the new shares issued through the merger and the finalization of the shareholder-return policy. No additional information on other procedures or schedules has yet appeared in the summary.