HID, FMC issue shares

Ha Long Investment & Consulting JSC (HID) has approved its plan to issue 48.4 million shares for its current shareholders in 2017.


Of these, 948,1 shares will be used as payments for 2016 dividends at ratio of 3 percent and 47.4 million shares will be sold at the price of VND 10,000 per share.

HID plans to invest VND 200billion in the Central Phong Dien Corp and VND 200billion in BT project in Can Tho.

It targets to reach its revenue of up VND 300billion with after tax profit of VND 33billion

Sao Ta Foods Corp (FMC) unveiled plans to issue 9million shares for its current shareholders with a cost of VND 10,000 per share, aiming to supplement its working capital; enhance financial source and improve competitiveness.

FMC plans to reach revenue up to VND 3,4billion and pre-tax profit will be VND 100billion with dividend payment up to 30 percent.

DTTC –Translated by T.Tran

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