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Ctrip Shareholders Vote For Dividend
June 18, 2007 |
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China's top Internet travel provider, Ctrip.com (CTRP), has announced a couple of shareholder resolutions.
Ctrip's shareholders approved a distribution of 30% of the company's net income for 2007 to the shareholders of the company as dividends, subject to determination of the record date by Ctrip's Board of Directors.
Shareholders also adopted the company's 2007 Share Incentive Plan, under which subject to other provisions of the plan, the maximum aggregate number of shares which may be issued pursuant to all awards is one million shares as of the first business day of 2007, plus an annual increase of one million Shares to be added on the first business day of each calendar year beginning in 2008.
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