Tysan announced special dividend of 0.52 HKD/ share which is around 1.7 Bil HKD.
My Guess:
Primarily, the money came from HK Airline bond repayment of 400 Mil HKD and Hollywood Road property around 595 mil HKD.
The rest probably came from cash from previous transactions regarding KaiTak land.
How much cash can they pay out in the coming result announcement early next year?
After payment of this dividend, probably they have net cash of around 750 mil HKD.
Before the end of the year, they can probably get the money from HNA regarding mainland housing project, which is around 840 mil HKD?
Remaining 400 mil HKD HK Airline bond.
Hainan Rail and some funds amount around 600 mil.
Total maybe they can pay out around 35 - 40 cents per share in the next announcement, which I would expect around mid March next year.
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