HSG, RDP announce dividends payout, share issuance

Hoa Sen Group (HSG) and Rang Dong Plastic JSC (RDP) announced dividends payment and share issuance as follows:

HSG will close the list of shareholders on January 24 to advance dividends for the first term of the fiscal year of 2012-2013 in cash at a ratio of 10 percent on February 19. In the first quarter of the fiscal year of 2013-2014, the company estimated to see revenue at VND3.35 trillion and net profit at VND102.5 billion, achieving 14 percent and 17 percent of this year’s plan, respectively.

RDP announced that it will issue 2.83 million shares to its existing shareholders at a ratio of 4:1 at a price of VND10,000 per share. The amount of money collected from the share issuance will be used to buy equipment and build Tien Son Factory in Bac Ninh Province.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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