Taiwan's China Motor sets T$3.75 cash dividend

Newswire

TAIPEI, March 27 (Reuters) - Taiwan's largest automobile manufacturer, China Motor Corp said on Thursday it planned to issue a T$3.75 cash dividend and 2.5 percent stock dividend based on 2002 profits. The planned dividend, which offers 25 shares for every 1,000 held by investors, still requires shareholder approval at its next annual general meeting, the carmaker said in a statement to the Taiwan Stock Exchange. China Motor announced its dividend plan after close of trade on Thursday. ...

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