HONG
KONG, Sept. 24, 2024 /PRNewswire/
-- Highway Holdings Limited (Nasdaq: HIHO, "the Company" or
"Highway Holdings") today announced the Company's Board of
Directors declared a cash dividend of $0.02 per common share. The dividend will be paid
on October 11, 2024 to shareholders
of record on October 4, 2024.
Roland Kohl, chairman, president
and chief executive officer of Highway Holdings, commented, "We are
pleased to maintain our long track record of consistently returning
capital to shareholders while focusing on unlocking greater value
in both up and down markets. Although we have not fully returned to
pre-COVID business levels, we are seeing signs of improvement. The
Company has maintained its financial strength, boosting our
confidence in our long-term prospects and our ability to build on
the positive momentum as we move through 2024."
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
the Company's website at 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