Huafon MF's Subsidiaries to Payout 520 Million Yuan in Dividends

MT Newswires Live

2024/10/03

Huafon Microfibre (Shanghai) (SHE:300180) or Huafon MF will distribute dividends of up to 520 million yuan to shareholders from its subsidiaries, according to a Monday filing on the Shenzhen Stock Exchange.

The subsidiaries, Jiangsu Huafeng Superfiber Materials and Weifutong Technology, will pay 400 million yuan and 120 million yuan, respectively.

The dividends are based on the Chinese specialized microfiber manufacturer's audited accumulated undistributed profits for 2023, the filing said.

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