HONG
KONG, May 22, 2023 /PRNewswire/ -- Highway
Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway
Holdings") today announced the Company's Board of Directors
declared a cash dividend of $0.10 per
common share. The dividend will be paid on July 12, 2023 to shareholders of record on
June 26, 2023. In 2022, the Company
distributed 3 separate cash dividends to shareholders totaling
$0.25 per common share.
Roland Kohl, chairman, president
and chief executive officer of Highway Holdings, commented, "The
dividend declarations at a difficult time are a direct reflection
of the Company's financial strength and an expression of our
optimism and confidence in the Company's long term future."
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