HONG
KONG, April 2, 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 $0.05 per
common share. The dividend will be paid on May 3, 2024 to shareholders of record on
April 22, 2024.
Roland Kohl, chairman, president
and chief executive officer of Highway Holdings, commented, "This
latest distribution continues our track record of consistently
building value for investors, regardless of market conditions. We
have maintained a solid financial foundation while continuing to
support the near and long-term growth opportunities that will
propel our company forward. Based on indications from customers and
partners across the supply chain, we expect our business will gain
added 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