HONG
KONG, Nov. 15, 2022 /PRNewswire/ -- Highway
Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway
Holdings") today announced the Company's Board of Directors has
declared a new cash dividend of $0.05
per common share. The latest dividend will be paid on January 5, 2023 to shareholders of record on
December 15, 2022. The Company has
already paid $0.20 per share in 2022
through two previous dividends.
Roland Kohl, chairman, president
and chief executive officer of Highway Holdings, commented, "The
dividend declaration is a direct reflection of the Company's
financial strength and is another step in our ongoing efforts to
build shareholder value."
About Highway Holdings Limited
Highway Holdings is an international manufacturer of a wide
variety of quality parts and products for blue chip equipment
manufacturers based primarily in Germany. Highway Holdings'
administrative offices are located in Hong Kong and
its manufacturing facilities are located in Yangon,
Myanmar and Shenzhen, China. For more information visit
website www.highwayholdings.com.
Except for the historical information contained herein, the
matters discussed in this press release are forward-looking
statements which involve risks and uncertainties, including but not
limited to economic, competitive, governmental, political and
technological factors affecting the company's revenues, operations,
markets, products and prices, and other factors discussed in the
company's various filings with the Securities and Exchange
Commission, including without limitation, the company's annual
reports on Form 20-F.
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SOURCE Highway Holdings Limited