Cathay International Holdings Ld Lansen's proposal to approve a special dividend (4066H)

TIDMCTI

RNS Number : 4066H

Cathay International Holdings Ld

07 June 2017

Cathay International Holdings Limited

("Cathay", the "Company" or the "Group")

Lansen's proposal to approve the declaration and payment of a special dividend

Hong Kong, 7 June 2017 - Cathay International Holdings Ltd. (LSE: CTI.L), an operator and investor in the growing healthcare sector in the People's Republic of China, announces that its subsidiary Lansen Pharmaceutical Holdings Ltd ("Lansen") (HKEX: 503), in which the Company has a 50.56% holding, has announced in Hong Kong today that a meeting of the board of directors of Lansen (the "Lansen Board") will be held on Monday, 19 June, 2017 to consider the recommendation, declaration and payment of a special dividend. Lansen will make a further announcement after the Lansen Board meeting to set out the details of the special dividend, if approved by the Lansen Board.

There can be no guarantee that any proposed special dividend will be approved by the Lansen Board at the Lansen Board meeting or that the other conditions for the declaration and payment of a proposed special dividend will be fulfilled.

The full text of the Lansen Announcement can be found at http://www.hkexnews.hk/listedco/listconews/SEHK/2017/0607/LTN20170607253.pdf and will also be made available at the Announcements & Notices section of Lansen's homepage at http://www.lansen.com.cn/En/Announcements&Notices.asp.

-ENDS-

For further enquiries, please contact:

Cathay International Holdings Limited

Eric Siu (Finance Director) Tel: [phone]

Patrick Sung (Director and Controller)

N+1 Singer

   Aubrey Powell/ Lauren Kettle - Corporate Finance             Tel: [phone] 

Brough Ransom - Sales

Consilium Strategic Communications

   Mary-Jane Elliott/ Matthew Neal / Lindsey Neville            Tel: [phone] 

About Cathay

Cathay International Holdings Limited (LSE: CTI.L) is a main market listed investment holding company and an operator and investor in the growing healthcare sector in the People's Republic of China (the "PRC"). The Company and its subsidiaries (collectively the "Group") aim to leverage on growth opportunities in the strong and growing domestic demand for high quality healthcare products in the PRC and build its portfolio companies into market sector leaders with competitive edge. Cathay has already demonstrated a strong track record of identifying high- growth potential investment opportunities in this area including: Lansen, a leading specialty pharmaceutical company focused on rheumatology and dermatology in the PRC; Haizi, a company engaged in the manufacture, marketing and sale of inositol and its by-product, di-calcium phosphate; Natural Dailyhealth, a company engaged in production and sales of plant extracts for use as key active ingredients in healthcare products; and Botai, a company engaged in collagen products.

The Group employs approximately 2,000 people across the PRC, including over 30 specialist corporate and business development staff based at the holding company's offices in Hong Kong and Shenzhen. Cathay also has a hotel investment. For more information please visit the Company's website: www.cathay-intl.com.hk.

About Lansen

Lansen, whose shares are listed on the mainboard of the Hong Kong Stock Exchange, is a 50.56% owned subsidiary of Cathay. Lansen is engaged in the manufacture, distribution and development of specialty prescription drugs for treatment of autoimmune disorder in rheumatology and dermatology. Lansen is in the leading market position in disease modifying anti-rheumatic drugs ("DMARDs") for treatment of rheumatoid arthritis ("RA") in the PRC. Lansen has established an extensive distribution network, covering more than 1,000 hospitals in four municipalities, 25 provinces and cities in the PRC. For more information please visit the Lansen's website: http://www.lansen.com.cn/En/index.asp.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DIVLIFIARAIDIID

(END) Dow Jones Newswires

June 07, 2017 05:14 ET (09:14 GMT)