Aquaproduct producer hikes chartered capital to 120b dong

Go Dang Joint Stock Co (STC-listed AGD) has lately approved for issuing additional 4 million shares for paying dividend and allocating bonus shares for existing shareholders in order to raise chartered capital from 80 billion dong to 120 billion dong



The company would use the 2010 unallocated after tax profit of 16 billion dong and capital surplus of 24 billion dong for issuing 4 million bonus shares and pay 2010 dividend with applied ratio of 2:1 or each shareholder who owns two shares will receive one new share.



In 2011, AGD aimed to obtain total revenue of 660 billion dong and after tax profit of 45 billion dong, compared to that of last year of 594.83 billion dong and 42.54 billion dong respectively



The dividend rates will remain unchanged in 2011 at 20 percent, of which AGD will advance first round dividend in cash at 10 percent in Q2.

Tags: Vietnam business news, Vietnam enterprises

Posted by VBN on Apr 6 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry