Poly Developments proposes cash dividend, plans bond listing

Poly Developments And Holdings Group (SSE:600048) has announced its 2024 profit distribution plan, proposing a cash dividend of CNY 0.17 per share, totaling CNY 2,017,120,012.80. This distribution represents 40.33% of the net profit attributable to shareholders of the parent company. Combined with a share repurchase of CNY 748,597,651.26, the total return to investors reaches CNY 2,765,717,664.06, or 55.30% of net profit. The plan is subject to shareholder approval.