China carmaker Great Wall does not plan '03 divi

Newswire

By Vicki Kwong HONG KONG, Nov 27 (Reuters) - Great Wall Automobile Holding Co Ltd, a Chinese truck and sport-utility vehicle maker that is raising up to HK$1.53 billion (US$195.85 million) in a Hong Kong share sale, does not plan to pay a dividend for this year. However, the company intends to distribute about 30 percent of its profits as dividends in the "foreseeable future," it said in a preliminary listing document seen by Reuters on Thursday. Great Wall expects to post a net profit ...

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