Zhaopin (ZPIN) Declares $0.94 Special Dividend; 5.2% Yield

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Zhaopin Limited Announces Special Dividend

June 19, 2017 6:08 AM EDT

BEIJING, June 19, 2017 /PRNewswire/ -- Zhaopin Limited (NYSE: ZPIN) ("Zhaopin" or the "Company"), a leading career platform1 in China focused on connecting users with relevant job opportunities through their career lifecycle, today announced that the final amount of the Special Dividend (as defined in and determined pursuant to the Merger Agreement as discussed below) was determined to be US$0.94 per ordinary share (each, a "Share"), or US$1.88 per American Depositary Share, each representing two Class A ordinary shares (each, an "ADS").

As previously announced, on April 6, 2017 the Company entered into... More