Nanhua Futures said its H-share reference price changed on June 17 because the stock traded ex-rights and ex-dividend for its 2025 profit distribution and capitalization issue.
According to Jin10, the company responded to an investor question about why its H shares closed above HK$9 the previous day but traded around HK$6 on June 17.
Nanhua Futures said it held its 2025 annual general meeting on June 15, 2026, where shareholders approved the 2025 distribution plan, including a cash dividend of 0.069 yuan per share and a bonus issue of 0.45 shares per share.
The company said that because it is listed in both mainland China and Hong Kong, differences in implementation rules and timing for dividends and bonus shares can lead to mismatched distribution schedules between A shares and H shares.
It added that June 16 was the last trading day for its H shares with entitlement to the distribution, while June 17 was the first trading day based on the ex-rights reference price, resulting in a lower quoted H-share price.
The company said it planned to complete the H-share distribution on August 10.
Nanhua Futures Explains H-Share Price Drop After Ex-Rights and Ex-Dividend Adjustment
2026-06-17 10:27:07
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