Guangxi Fenglin Wood Industry Group Co.,Ltd. Plans to Distribute Cash Dividend for the Year Ended December 31, 2017
May 09, 2018
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Guangxi Fenglin Wood Industry Group Co. Ltd. plans to distribute a cash dividend of RMB 0.60 (tax included) per 10 shares to all shareholders, which is based on the total amount on the record date designated in the announcement on implementation of profits distribution. The surplus undistributed profit will carry over to next year. By December 31, 2017, the company totally owned 958,184,000.00 shares and plans to distribute a total amount of cash dividend of RMB 57,491,040.00 (tax included).
Guangxi Fenglin Wood Industry Group Co., Ltd is a China-based company, principally engaged in the manufacture and sales of artificial boards. Its artificial boards mainly include fiber boards, plywood and shaving boards. The Company's fiber boards are mainly applied in furniture, wood floor buildings, decorations, middle and high cars and ship fitments, handicraft products, high grade loudspeaker boxes, instruments and electronics, among others. Its shaving boards are applied in furniture manufacture, interior finishing and architectural ornament. The Company is also engaged in forest management and restoration business, including growing trees planting, stock growing, as well as woods and stocks distribution.