Macau casino operator Sands China Ltd on Friday said its board of directors had decided to declare an interim dividend of HKD0.99 (US$0.127) per share.
The payout – approved during the firm’s board meeting that day – is expected to be paid on February 26. It will be available to shareholders whose names appear on the register of members of the company as of February 9, the company said in a filing to the Hong Kong Stock Exchange.
The filing additionally said that the company’s board decided to convene an extraordinary general meeting on February 19, “at which a resolution will be put forward to the shareholders to consider and, if thought fit, approve a proposed amendment to the terms of the company’s equity award plan”.
The casino firm did not provide details about the proposed amendment, saying only that additional information would be “despatched in due course”.
Sands China also announced that Wilfred Wong Ying Wai has been appointed as an executive director of the company for an initial term of three years commencing on Friday. Mr Wong was appointed in September as Sands China’s president and chief operating officer, with effect from November 1.
Mr Wong will also serve as a member of Sands China’s Remuneration Committee and the Capital Expenditure Committee with effect from Friday, the firm said in a separate filing.
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”Many investors cite Golden Week as a catalyst to significant, sustainable visitation increases and a showcase for profitability for many casinos [in Macau]... However… we are concerned recovery estimates may again be pushed back”
Analyst at Roth Capital Partners