Key Developments: Hong Kong Exchanges and Clearing Ltd (0388.HK)

0388.HK on Hong Kong Stock

167.00HKD
5 Feb 2016
Change (% chg)

HK$1.50 (+0.91%)
Prev Close
HK$165.50
Open
HK$167.00
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HK$168.00
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HK$165.60
Volume
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Avg. Vol
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HK$311.40
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HK$160.10

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Latest Key Developments (Source: Significant Developments)

Hong Kong Exchanges and Clearing Ltd recommends final dividend
Monday, 23 Mar 2015 04:16am EDT 

Hong Kong Exchanges and Clearing Ltd:Recommends the payment of a final dividend of $2.15 per share (2013: $1.72 per share) to whose names appear on the ROM on May 7.  Full Article

Hong Kong Exchanges and Clearing Ltd recommends final dividend
Wednesday, 4 Mar 2015 11:17pm EST 

Hong Kong Exchanges and Clearing Ltd:Recommends payment of final dividend of $2.15 per share (2013: $1.72 per share) to shareholders whose names appear on ROM on May 7, and retention of remaining profit for the year.Proposed final dividend together with interim dividend payment amounts to total of about $4.6 billion (2013: $4.1 billion).Proposes to offer scrip dividend alternative to allow shareholders to elect to receive final dividend wholly or partly in form of new fully paid shares instead of in cash.Definitive share certificates in respect of scrip dividend and dividend warrants are expected to be despatched to Shareholders on June 5.  Full Article

Judge throws out U.S. aluminum price-fixing claims against defendants including Hong Kong Exchanges and Clearing Ltd - Reuters
Wednesday, 4 Mar 2015 01:03pm EST 

Hong Kong Exchanges and Clearing Ltd:A U.S. judge has dismissed antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply - Reuters.U.S. District Judge Katherine Forrest in Manhattan rejected claims brought by aluminum purchasers against several defendants including Goldman Sachs, JPMorgan Chase, Glencore Plc, and Hong Kong Exchanges and Clearing Ltd, which owns the London Metal Exchange.The decisions are a setback for aluminum purchasers who raised price-fixing claims, in the litigation affecting the base metals market in two decades.These plaintiffs had accused Wall Street banks and commodity merchants of having colluded since May 2009 to hoard aluminum in warehouses.They said this led to higher storage costs, delays of up to 16 months to fill orders, and increases in prices of industrial products from soft drink cans to airplanes.U.S. and European regulators have also examined alleged metals price fixing.Forrest said the plaintiffs did not show that the Goldman and JPMorgan parent companies had any role in the alleged anticompetitive conduct.  Full Article

Hong Kong Exchanges and Clearing Ltd declares interim dividend
Wednesday, 6 Aug 2014 12:01am EDT 

Hong Kong Exchanges and Clearing Ltd:Declares an interim dividend of $1.83 per share (2013: $1.82 per share).Payable on or about Sept. 22 at record date of Aug. 22.  Full Article

Hong Kong Exchanges and Clearing Ltd announces new legal proceedings
Sunday, 25 May 2014 08:01pm EDT 

Hong Kong Exchanges and Clearing Ltd:Says on May 23, the company and its subsidiaries, The London Metal Exchange (LME) and LME Holdings Limited (together, the‚ÄúSubsidiaries) were named as co-defendants in a class action filed in the United States District Court for the Southern District of New York.The complaint alleges anti-competitive and monopolistic behaviour in the warehousing market in connection with zinc prices.HKEx and LME management‚Äôs initial assessment is that the lawsuit is without merit and HKEx and the subsidiaries will contest it vigorously.Although the zinc class action is similar to the aluminium class actions, and was filed in the same court, HKEx believes that the actions are likely to proceed on separate tracks.In light of the class action nature of the complaints, HKEx understands that it is not uncommon for additional follow-on lawsuits of a similar nature to be filed in the United States once a class action has commenced.  Full Article

Hong Kong Exchanges and Clearing Ltd declares final dividend
Tuesday, 25 Feb 2014 11:08pm EST 

Hong Kong Exchanges and Clearing Ltd:To pay a final dividend of HK$1.72 per share.  Full Article

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