LMGF Financial Update: ESG Rating Upgrade and Dividend Announcement
In recent financial news, LMGF (Li Min Group), a company listed on the Shenzhen Stock Exchange in the Chemicals sector, has seen significant developments. The company’s close price on May 21, 2025, was 15.2 CNY, with a 52-week high of 15.61 CNY on May 19, 2025, and a low of 6.36 CNY on August 22, 2024.
ESG Rating Upgrade
On May 22, 2025, LMGF’s ESG (Environmental, Social, and Governance) rating was upgraded from A to AA by a reputable ESG evaluation agency. This upgrade reflects the company’s strong performance in sustainable development and social responsibility. The enhancement in rating underscores LMGF’s management capabilities and comprehensive strength in ESG initiatives. Over the years, LMGF has consistently focused on innovation-driven sustainable development, which has contributed to this positive recognition.
Dividend Announcement
On May 21, 2025, LMGF announced its annual equity distribution plan for 2024. The company declared a cash dividend of 2.50 CNY per 10 shares, based on the total share capital before the implementation of the plan. The equity registration date for this dividend is set for May 27, 2025. This announcement aligns with the company’s commitment to returning value to its shareholders.
Convertible Bond Adjustment
Additionally, LMGF issued a public notice regarding the adjustment of the conversion price for its convertible corporate bonds. This adjustment is part of the company’s ongoing financial strategy to optimize its capital structure.
Regulatory Visit
In a related development, representatives from the General Administration of Customs visited LMGF’s subsidiary, Wei Yuan Biotechnology, on May 19, 2025. The visit aimed to guide and inspect the company’s operations, highlighting the regulatory attention LMGF is receiving in its business practices.
These developments indicate LMGF’s proactive approach in enhancing its ESG profile, rewarding shareholders, and maintaining regulatory compliance, positioning the company favorably in the materials sector.