Coal producer issues 2.65m bonus shares

The HNX-listed Ha Lam – Vinacomin Coal Joint Stock Co (coded HLC) has lately submitted application profile to the State Securities Commission (SSC) for bonus share allocation purposes to existing shareholders.



In details, the company planned to issue 2,657,142 bonus shares for current shareholders under the ratio of 3.5:1.



HLC planned to use the capital for share issuance via its fund of investment and development to be supplemented by annual after tax profit. At present, HLC has chartered capital of 93 billion dong.



In 2011, the company targeted to gain total revenue of 1.393 trillion dong, pre-tax profit of 51 billion dong, and expected dividend payment of 12-15 percent.

Tags: Vietnam business

Posted by VBN on Apr 5 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