Sunrise Real Estate Group. Inc. (OTC Pink: SRRE) is a Shanghai, China-based real estate company. Shares of the Chinese real estate company are jumping 67.50% through afternoon trading on Tuesday, November 6, 2018. Over the past month, Sunrise Real Estate Group has seen average daily volume of 2,287 shares. However, volume of 18,824 shares or dollar volume of $12,612, has already exchanged hands thus far on Tuesday.
Shares of SRRE are jumping on Tuesday, after the company announced that it has appointed Mr. Lin Hsin Hung as the new Chairman of the Board. Mr. Lin Chi Jung will also retain his Director title. In addition to the management changes, Sunrise Real Estate Group has declared a cash dividend of $0.10 per share. The ex-dividend date will be December 26, 2018, the record date will be on December 28, 2018, and payable date is set for January 28, 2019. Here is the full press release detailing the corporate announcements:
Sunrise Real Estate Group, Inc. Press Release:
SHANGHAI, Nov. 5, 2018 /PRNewswire/ — Sunrise Real Estate Group Inc. (OTCQB: SRRE) (“the Company”) announced on Friday, November 2 that it appointed Mr. Lin Hsin Hung to be the Chairman of the Board of Directors of the Company to replace Mr. Lin Chi Jung, who had resigned as Chairman of the Board of Directors. Mr. Lin Chi Jung shall remain as a Director of the Company.
The Company also announced that its Board of Directors declared a cash dividend of $0.10 per share payable January 28, 2019 to shareholders of record as of December 28, 2018. The ex-dividend date will be December 26, 2018.
About Sunrise Real Estate Group, Inc.,
Sunrise Real Estate is a real estate development company based in Shanghai, China. The Company mainly focuses on residential real estate developments.
SOURCE Sunrise Real Estate Group, Inc.