Chinese Games Developer Pays Record Dividend

G-bits Network Technology, a Chinese online-games developer, is proposing a record dividend for shareholders following a stock slide due to an unprecedented crackdown on the video games industry in the country, the South China Morning Post reported.

The firm announced a 16 yuan ($2.50) per share payout in an exchange filing on Friday, the most generous amount since the firm was listed on the Shanghai bourse in 2017. That would translate into a 1.15 billion yuan payout based on its existing capital base.

Read the full report: South China Morning Post

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Tags: Videogames

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.