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Finext board proposes payment of HUF 994m dividend from assets

The board of Finext, the capital investments arm of Hungarian property developer Futureal, will propose to shareholders payment of a HUF 994m dividend from total assets at an annual general meeting on February 20.

The board wants to pay the dividend in there equal installments - in April, July and October - from total assets of HUF 1.82bn. Net assets stand at HUF 1.55bn.

Cordia Lands Investments owns 75.46% of Finext.