DIVIDEND13 Jun 2016 16:35
Dear Mr Brown,
Thank you for your secure message dated 13 June 2016.
This is the first dividend payment we have received from Asian Growth Properties (AGP: VGG054341083) and as such, we are unsure what to expect when it comes to payment from the company. As this is being paid from Hong Kong, we do have to wait for the money to be passed from our International Custodian for this dividend - generally with matters like this, it can take up to 10 working days for us to actually receive the cash.
The cash may also be paid to us in Hong Kong Dollars, and as our accounts only deal in Sterling we would have to convert the monies, too - a process which can take a few working days to complete, depending on how many of our clients holding this stock.
This is the first working day after the dividend's payment date, and I anticipate that we will receive the dividend payment within the coming working days. Whether this has to be converted from Hong Kong Dollars is another matter that we unfortunately cannot determine at this point. It may be best to follow this up within 10 working days, when we should have clearer information on the payment details. I appreciate this may cause inconvenience, please accept my apologies.
Should you have any further enquiries, please do not hesitate to get in touch again. Our response time to secure message or email is usually 1 working day, although in times of high volumes we may take up to 5 working days.