Viglacera Tu Son raises chartered capital to 20b dong

In the annual shareholders meeting held on March 19, 2011, the northern floor-listed Viglacera Tu Son Joint Stock Co (coded VTS) has approved for hiking chartered capital to 20 billion dong under the method of paying 2010 dividend in shares at ratio of 100:55 in order to make investment in building the new construction material factory.



The new factory will have two production lines with designed capacity of 150,000 cubic metres per year. The project’s total investment capital was posted at over 87 billion dong.



At the same time, VTS’ shareholders also approved for using 5 billion dong from the company’s investment and development fund to make capital contribution of 5 billion dong at maximum for setting up Viglacera Can Loc Ha Tinh Brick Joint Stock Co.



In 2011, the company aimed to obtain total revenue of 103 billion dong and after tax profit of 17 billion dong.



The company’s management board suggested using 2011 profit for making strategic investment purposes for the coming years.

Tags: Vietnam stock news

Posted by VBN on Mar 21 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