Reported 8 months ago
At Far Eastern Department Store's (2903) shareholders' meeting chaired by Far East Group's Chairman Xu Xudong, a cash dividend of 1.6 yuan per share was approved to maintain a high cash dividend yield. Xu expressed confidence in the retail industry despite changing consumer habits, stating the importance of expanding physical stores. When asked about the minimum wage issue, he emphasized the importance of high wages but stressed that individuals must also be productive. The company reported strong performance in the past year and highlighted plans for further expansion and digital transformation in the future.
Source: YAHOO