ghostWell you were not wrong that they (UOA) are paying out what...

ghost
Well you were not wrong that they (UOA) are paying out what seems like a significant dividend which will be RMB486m, and unless those short term investments are liquid, it would appear they don't have sufficient cash to do that.

What I don't understand is that they only have RMB 240m as a current liability (rather than the full amount they indicated in Note B11), but that still means that they are passing on a decent amount of cash to UOS.

I guess we will have to wait until next week to find out what UOS does with that, but by my back of an envelope calcs:
- RMB 486m = AUD 157m
- UOS share of that is ~70% which is ~AUD 110m
- UOS shares at Dec22 was 1,554m which means ~AUD 7c for each shareholder of UOS

Could UOS need the funds for anything that it plans to do directly (rather than through UOA), or are they planning to pay out some of that cash they are sitting on........if so, the big pity is that these come with no franking credits.