TLG to pay off residue dividend

May 18th at 08:45
18-05-2017 08:45:58+07:00

TLG to pay off residue dividend

Thien Long Group (TLG) held its 2017 annual shareholders’ meeting yesterday, announcing a 15 per cent residue dividend from 2016 would be dispersed this year.

 

The company’s dividend for 2017 would amount to 20 per cent of total earnings, while in 2016 the figure was 30 per cent in cash. Fifteen per cent were paid last year, leaving the rest to be paid in July 2017.

TLG also reported its business plan this year to include an expected revenue of VND2.45 trillion ($109.5 million), post tax income of VND265 billion ($11.84 million), up by 13 and 10 per cent compared to 2016, respectively.

The board approved TLG’s plan to issue more than 11.4 million shares with a 10:3 ratio to increase charter capital from VND383 billion to VND498 billion ($17.11 million to $22.25 million) in the third quarter of 2017.

This year meeting also announced TLG’s plan to increase foreign investors’ percentage of ownership from 49 per cent to 100 per cent.

bizhub



NEWS SAME CATEGORY

Vietinbank asks shareholders about 2015 dividend cash payout

The Viet Nam Commercial Bank of Industry and Trade (VietinBank) has asked its shareholders for their views on the 2015 dividend payout by cash.

MSN to pay 50% dividend in bonus shares, 30% in cash

Masan Group Corporation said its revenues are likely to top US$2 billion this year, a year-on-year jump of 40 per cent.

ACB to pay 10% dividends in shares

The Asia Commercial Bank (ACB) plans to issue more than 89.6 million shares as payments for 2015 dividends.

Noi Bai Cargo to pay 40% of cash dividend

Noi Bai Cargo Terminal Service Joint Stock Company (NCT) has announced it will pay 40 per cent of cash dividend on October 3.

PVC to pay US$3.1 million in dividends for 2015

PetroVietnam Mud Drilling Corporation, listed as PVC on the Ha Noi Stock Exchange, will pay a dividend of 14 per cent in cash on October 25 for last year's...

KDC to pay 14% dividend in cash

Food and flavours producer Kido Corporation will pay dividends of VND1,400 per each share in cash for 2015.

Hoa Phat Group to pay 30% dividend

Steelmaker Hoa Phat Group (HPG) will pay the dividend for 2015, half in cash and half in shares, on September 14.

Vinamilk to pay 40% dividend in cash

Viet Nam Dairy Products Joint Stock Company (Vinamilk) announced that they would pay a 40 per cent dividend in cash on August 31 for the first quarter of 2016.

Hoa Phat Group pays $100 million for dividends in September

Steelmaker Hoa Phat Group (HPG) has declared a big dividend payout in September which is worth VND2.2 trillion (US$100 million), a move that shows the company's...

VIC reports 11% dividend payout for 2015

Real estate developer Vingroup (VIC) announced an estimated profit of VND1.1 trillion (US$49.2 million) for the first quarter of 2016 at its annual shareholder's...


MOST READ


Back To Top