Sias asks Ying Li why it hasn't paid a dividend in 12 years

MAINBOARD-listed Ying Li International Real Estate said on Thursday night that giving shareholders dividends has"always" been part of the board's agenda, but that it is conserving cash in light of the Covid-19 crisis and the need to fund new growth plans.

It added that its real estate business activities are capital-intensive and require significant working capital. The group’s borrowings at the end of last year was about 2.8 billion yuan . It was responding to the Securities Investors Association of Singapore , which had asked if the board evaluated how it could balance the need to reinvest in the business and the need to generate return for shareholders in the form of dividends.

Sias said:"The company has not paid a dividend to shareholders in the last 12 years. The last dividend paid out was in August 2008, and it amounted to S$0.00079 per share.” The association also questioned Ying Li on a"new asset-light operating model" which the company said it was exploring in its latest annual report.

Midas Holdings, China Essence, Eagle Hospitality REIT, Luckin Coffee, Ying Li.. I wonder what do they have in common? Hmm.....

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