Hoa Sen Group postpones paying dividend at 5pct

Hoa Sen Group Joint Stock Co (coded HSG) announced that Vietnam Securities Depository Centre (VSD) has not approved for the company to advance dividend in cash at 5 percent ratio yet due to the authority hasn’t received the resolution for the annual shareholders meeting in fiscal year of 2009-2010.



In details, previously on February 23, 2011, the group’s management board had passed the plan of advancing first round dividend in cash at applied ratio of 5 percent. The company planned to close its shareholders list on March 11.



On the same day, the company sent announcement about dividend payment to Hochiminh Stock Exchange (STC0 and Vietnam Securities Depository Centre – HCM City branch (VSD).



On March 1, VSD sent a document to HSG, requiring the company to supplement the resolution for the shareholders meeting where they approved the dividend payment plan. However, the meeting was supposed to be held on March 19, 2011.



The company will have to postpone closing the shareholders list on March 11 as planned for dividend payment purpose.

Tags: Vietnam companies

Posted by Wurst on Mar 11 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