At noon on July 15th, Transsion Holdings (688036. SH) closed at 74.13 yuan per share, down 6.55%. During trading, its stock price plummeted by 10.50% at one point, reaching a new low for the year. On the news front, Qualcomm filed a lawsuit against Transsion Holdings in India on the 12th.
The reporter from Nancai News called Transsion Holdings as an investor, and relevant personnel responded that being sued by Qualcomm should be the main factor affecting the decline in Transsion Holdings' stock price. The company will continue to negotiate with Qualcomm on patent issues to reach a final result.
According to a previous report by 21st Century Business Herald, on July 12th, Qualcomm sued Transsion Holdings Group for infringing four non-standard essential patents in the Delhi High Court of India.
It is worth noting that Transsion Holdings recently disclosed its mid-term dividend arrangement. On July 14th, Transsion Holdings announced that its controlling shareholder Transsion Investment proposed to implement a mid-term dividend for 2024, with a dividend ratio of no less than 50% of the net profit attributable to the parent company for the first half of the year. According to the relevant sources mentioned above, Transsion Holdings distributed dividends twice last year and will continue to implement measures such as multiple annual dividends and high scoring bonuses in the future.
Part of the content in this article is sourced from 21st Century Business Herald (reporters Lin Dianchi and Liu Bingyi)
(Disclaimer: The content of this article is for reference only and does not constitute investment advice. Investors operate based on this and bear the risks themselves.)