Die Kapitalmassnahme wurde im Mai veröffentlicht und von der HV beschlossen und im Juni und Juli entsprechend umgesetzt.
Die Begründung / Erläuterung nachfolgend:
… thank you for your email. BYD has received your inquiry and actively addressed the matters raised. Please find the Company’s response below: BYD is a listed company with both A-shares(002594.SZ) and H-shares(01211.HK) listings, the Company is therefore required to comply with the regulatory rules of both jurisdictions.
While the rules in the Hong Kong market permit companies to conduct stock splits, the regulatory requirements for A-shares prohibit companies from allowing the par value of shares to fall below RMB 1 due to stock splits. Consequently, a stock split cannot be implemented simultaneously in both markets.
In light of the aforementioned restriction, BYD’s 2024 Profit Distribution and Capital Reserve Capitalization Plan cannot be regarded as a stock split. Moreover, in this case, the Company utilized the undistributed profits of the 2024 fiscal year for cash dividends and bonus share distributions. Meanwhile, the Company reduced the surplus reserve within the capital reserve to carry out the capital reserve conversion into share capital. However, for a stock split, there will be no changes to the equity accounts on the company's balance sheet; only adjustments will be made to the number of shares and their par value.
Thus, one of the core characteristics of a stock split is that the par value of shares is adjusted proportionally in line with the split ratio, while equity accounts such as the company's net assets, capital reserve, and undistributed profits remain unaffected. Previously, dividends distributed to shareholders were solely in the form of cash. This time, the dividend plan combines both cash dividends and bonus shares, representing a hybrid distribution of profits. For the portion of bonus shares allocated to you, the Company has already completed the withholding and payment of taxes at a 10% rate on your behalf. We recommend that you consult with your local tax authority or your tax advisor to ascertain whether a tax treaty arrangement exists between your region and mainland China, in order to reduce your tax burden or avoid duplicate taxation.
Thank you for your understanding.
Regards, ….. on behalf of BYD
Den entsprechenden Link zu dieser Information kann ich leider nicht einstellen
Aus Unternehmenssicht ist das alles nachvollziehbar.
Die Befindlichkeiten der deutschen Aktienbesitzer werden den HV- Beschluss nicht rückwirkend ändern.
Das Grundärgernis ist, dass WM-Datenservice als Datenlieferant der Banken und Mittler für das Finanzamt unbedingt chinesisches Unternehmenrecht mit Hong Kong- Ausprägung in deutsches Steuerrecht umsetzen muss/ will. Das ist komplex und in vielen Fällen einfach unbefriedigend.
In jedem Fall wäre es mal gut, wenn alle Banken auf dem gleichen Weg abrechnen würden.
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