Dividend up on disposal

CHINA Strategic Holdings has declared a 50-cent dividend per share as a result of the favourable financial position of the company.

The company said the sale of a partial interest in a brewery for $400 million in December contributed to the profit.

The dividend included a special dividend of seven cents in addition to the interim dividend of 43 cents.

Because of the special seven cents per share dividend payment, the subscription price per share under the terms of the warrants was adjusted from $3.40 to $3.32.