[For Immediate Release]
(August 20, 2000 - Hong Kong) - CEC International Holdings Limited ("CEC International" or "the Group"; HKSE: 0759) today announced the approval of the final dividend of HK$0.05 per share for the year ended 30th April, 2000 and the Scrip Dividend Scheme on the Annual General Meeting (AGM) on 17th August, 2000. The Company has today despatched to eligible shareholders and holders of 2003 Warrants the Scrip Dividend Scheme Circular, together with the form of election.
The eligible shareholders will receive the new shares in accordance with the average closing price of CEC International of the 5 consecutive trading days from 11th to 17th August, 2000.
According to announcements made earlier, shareholders of CEC International in the registered list on 17th August, 2000 would receive bonus share issue made on the basis of 3 bonus shares for every two existing share held. As a result of the bonus share issue, the subscription price payable upon the exercise of the exercise of the subscription rights attaching to the 2003 Warrants has also been adjusted from HK$1.475 per share to HK$0.59 per share with effect from 18th August, 2000.
| Corporate Information:
CEC is a reputable coil manufacturer, engaged in the design, development, manufacture and sales of a wide range of coils. CEC coils can be commonly found in IT products, telecommunication products, home appliances and audio-visual products, etc. Accredited by the recognition of ISO 9001 in 1995, the Company has more than 400 engineers and quality control staff for the assurance of product quality. CEC has been a listed company on The Stock Exchange of Hong Kong Limited since November 1999. |
For further information, please contact:
iPR Asia Limited
Venus Lau / Ellen Zee
Tel : 2136 6179 / 6184
Fax : 2136 6068 / 6118
E-mail: info@iprasia.com.hk
Website: www.iprasia.com
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