Plastec Technologies Declares $0.35 Special Cash Dividend
Ticker: PLTYF · Form: 6-K · Filed: Nov 29, 2024 · CIK: 1433309
Sentiment: bullish
Topics: dividend, shareholder-return
TL;DR
PLTC declares $0.35 special dividend, payout expected Dec 20.
AI Summary
Plastec Technologies, Ltd. announced on November 29, 2024, that its board of directors approved a special cash dividend of $0.35 per share. This dividend is expected to be paid to shareholders on or about December 20, 2024.
Why It Matters
This special dividend indicates the company's financial health and its commitment to returning value to its shareholders.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a dividend payment, which is generally a positive and low-risk event.
Key Numbers
- $0.35 — Special Cash Dividend per Share (This is the amount shareholders will receive for each share they own.)
Key Players & Entities
- Plastec Technologies, Ltd. (company) — The company making the announcement.
- $0.35 (dollar_amount) — The amount of the special cash dividend per share.
- November 29, 2024 (date) — The date the board of directors approved the dividend.
- December 20, 2024 (date) — The expected payment date for the dividend.
FAQ
What is the total amount of the special cash dividend being paid out?
The filing does not specify the total payout amount, only the per-share dividend of $0.35.
Who approved the special cash dividend?
The board of directors of Plastec Technologies, Ltd. approved the dividend on November 29, 2024.
When will the dividend be paid?
The dividend is expected to be paid on or about December 20, 2024.
Is this a regular dividend or a special dividend?
This is a special cash dividend.
What is the company's stock ticker symbol?
The filing does not explicitly state the ticker symbol, but the company name is Plastec Technologies, Ltd.
Filing Stats: 364 words · 1 min read · ~1 pages · Grade level 11.3 · Accepted 2024-11-29 16:30:08
Key Financial Figures
- $0.35 — pecial cash dividend to shareholders of $0.35 per share. The dividend will be paid on
Filing Documents
- tm2429826d1_6k.htm (6-K) — 10KB
- tm2429826d1_ex99-1.htm (EX-99.1) — 7KB
- tm2429826d1_ex99-1img001.jpg (GRAPHIC) — 6KB
- 0001104659-24-124109.txt ( ) — 27KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of: November 2024 Commission File Number: 000-53826 PLASTEC TECHNOLOGIES, LTD. (Translation of registrant’s name into English) c/o Unit 01, 21/F, Aitken Vanson Centre, 61 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F On November 29, 2024, the board of directors of Plastec Technologies, Ltd. (the “Company”) approved the declaration and timing of a special cash dividend to shareholders of $0.35 per share. The dividend will be paid on or about December 20, 2024 to shareholders of record as of the close of business on December 13, 2024. Additionally, on November 29, 2024, Viewmount Development Limited, the Company’s wholly-owned subsidiary (“Viewmount”), disposed of all of its equity interests of Sun Line Industrial Limited, one of its dormant wholly-owned subsidiaries (“Sun Line”), to an independent third party for an aggregate payment of approximately HKD4.65 million, which is roughly equivalent to the net book value of Sun Line. The determination to dispose of Sun Line was made in an effort to streamline the group’s organizational structure given its limited operations at this time. The sale also allowed Viewmount to dispose of Sun Line in a more efficient and quicker manner than if it had sought to formally dissolve and liquidate Sun Line under applicable Hong Kong law. On November 29, 2024, the Company issued a press release announcing the foregoing. The press release is included with this Report of Foreign Private Issuer on Form 6-K as Exhibit 99.1 and is incorporated herein by reference. Exhibits Exhibit No. Description 99.1 Press release dated November 29, 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: November 29, 2024 PLASTEC TECHNOLOGIES, LTD. By: /s/ Kin Sun Sze-To Name: Kin Sun Sze-To Title: Chief Executive Officer