SBB dividends be paid in April ?, page-23

Not sure if this has been posted before, but it's one of the Risk Factors in the Prospectus,  concerning dividends. Not saying it will come to pass, but it highlights the potential separation of the ASX listed holding company from the Chinese operating subsidiaries.

"As a holding company, the Company relies principally on dividends from its Chinese Subsidiaries for
its cash requirements, including any debt the Group may incur. Current PRC regulations permit
the Group’s Chinese Subsidiaries to pay dividends only out of accumulated after-tax profits, if any,
determined in accordance with the PRC accounting standards and regulations. In addition, the Chinese
Subsidiaries are required to set aside a certain amount of its after-tax profits each year, if any, to fund
certain statutory reserves. These reserves are not distributable as cash dividends. Furthermore, in the
future, if the Chinese Subsidiaries incur debt on their own behalf, the instruments governing the debt
may restrict its ability to pay dividends or make other payments to the Company. The inability of the
Chinese Subsidiaries to distribute dividends or other payments to the Company could materially and
adversely limit the Group’s ability to grow, make investments or acquisitions that could be beneficial to its​

businesses, pay dividends, or otherwise fund and conduct its business."