Hong Kong Stock Market News | Brilliance China's stock price dropped by over 6%, announcing a special dividend of HKD 1.5 per share. Most of the proceeds from the sale of Brilliance BMW's equity have been distributed

Huachen China fell more than 6% in early trading. As of the time of publication, it has fallen by 3.67% to HKD 7.08, with a turnover of HKD 109 million. On the news front, Huachen China stated that, after considering the group's financial and cash flow situation, as well as any possible new strategic investment options, the board of directors has decided to declare a special dividend of HKD 1.5 per share. It is expected to be distributed in cash to shareholders listed on the company's share register as of May 3rd, with a payment date around May 17th. The company mentioned that after the distribution of the special dividend, most of the net proceeds from the sale of 25% equity in Huachen BMW will be distributed to shareholders through the special dividend, while the remaining net proceeds will be retained as the group's operating funds. The company may consider further dividend distributions within the year based on its cash flow situation