The Company at question looks to be DXF ... they declared a maiden dividend which has not yet been paid ( 6 months later) ...
From their latest quarterly released to ASX 27 July 17 with reasons .. they are now suspended.. hence why the ASX is on the front foot on the issue ...
Delayed Dividend Payment Update
In the latter part of 2016, the Company declared a maiden dividend of 1 cent per share. It also announced the adoption of a dividend reinvestment plan (DRP) allowing shareholders to reinvest that maiden dividend in the Company. As later announced, the payment date was delayed due to the changes in the regulatory processes related to the transfer of funds from China. The Company is continuing to seek the relevant approvals and will update the market in due course. The Company’s four largest shareholders, including key executives in China (holding approximately 71.3% of the issued capital of the Company) whilst very supportive of the dividend to minority shareholders, have waived their right to a dividend and will not take the cash nor seek to participate in the DRP, requesting that the Company retain that capital for its growth initiatives.
XPD Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held