Gentraco hikes chartered capital to over 130b dong

Gentraco Joint Stock Co has lately held the annual shareholders meeting approving the targeted year plan with revenue of 3.882 trillion dong, profit of 51.79 billion dong and dividend payment of 25 percent.



Gentraco’s shareholders also passed the plan of cancelling the issuance of 20 billion dong convertible bonds. Instead of that, the company would raise chartered capital from 100.5 billion dong to 130.22 billion dong.



In details, Gentraco would issue 1,486,224 shares for paying second-round dividend in shares under ratio of 15 percent and the rest 1,486,224 bonus shares for allocating to existing shareholders at the same ratio. The company planned to start issuing the shares after receiving approval from the State Securities Commission (SSC).



Last year, Gentraco reported reaching total revenue of 3.417 trillion dong, after tax profit of 48.1 billion dong and paid dividend at 30 percent.

Tags: Vietnam business news

Posted by VBN on Mar 16 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