STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.

STK to issue 10.8million shares

Of these, 4.2 million shares will be for dividend payment at ratio of 7 percent; 0.6million shares will be offered to the company’s employees at a price of VND 10,000 per share and 6million shares for current shareholders at ratio of 10 percent at the same cost.

Total revenue will be added in the company’s working capital and funded to Trang Bang 5 project (equal to VND 59.9billion).

STK has set target to reach the 2018 revenue of up to VND 2,4trillion, an increase of 18 percent. After-tax profit will reach at VND 125.9billion, increasing 26 percent and dividend payment will be 15 percent

DO DOAN-Translated by T.Tran

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