IDV purchases 3.98pct of total shares as treasury shares

Vinh Phuc Infrastructure Investment and Development Joint Stock Co (coded IDV) held the annual shareholders meeting on March 15, 2011, in which the management board approved the plan of purchasing 135,000 shares or 3.98 percent of the total shares listed on the stock market, as fund shares.



If the transaction ends successfully, the company will hold total fund shares of 270,000 units over its chartered capital of 35.285 billion dong.



The transaction was expected to last from March 26 to June 26, with the share price of less than 26,500 dong per share.



Previously, IDV closed the shareholders list on February 24 for advancing second round dividend in cash at 10 percent ratio.



Last year, the company reported gaining total revenue of 28.665 billion dong, after tax profit of 13.405 billion dong, equivalent to EPS of 3,950 dong.

Tags: Vietnam stock news

Posted by VBN on Mar 18 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