Essex Bio-Technology Ltd (01061.HK) saw its stock price soar by 5.26% in the pre-market trading session on Thursday, following the company's announcement of a proposed final dividend. The biotechnology firm's shares rallied as investors reacted positively to the news of a potential payout.

According to a brief statement released by the company, Essex Bio-Technology has proposed a final dividend of HK$0.06 per ordinary share. This announcement, made after market close on Wednesday, appears to be the primary driver behind the stock's significant upward movement.

Dividend announcements often serve as a signal of a company's financial health and confidence in its future prospects. For Essex Bio-Technology, this proposed dividend may be interpreted by the market as a positive indicator of the company's performance and its commitment to returning value to shareholders. As trading continues, investors will be watching closely to see if the stock can maintain its early gains and if any additional information regarding the company's financial results or future outlook emerges.