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LAS issues shares, raises capital

Jul 15th at 19:49
15-07-2016 19:49:00+07:00

LAS issues shares, raises capital

Lam Thao Fertilizers and Chemicals JSC (LAS) would issue more than 35 million shares as bonus to its existing shareholders soon.

 

After the issuance, LAS' charter capital will increase from VND778 billion to VND 1.13 trillion, corresponding to 112.8 million shares on the HA Noi Stock Exchange

Based in the northern province of Phu Tho since 1962, LAS produces fertiliser and other chemical products to serve the northern market. Currently, the State-run Viet Nam National Chemical Group with nearly 70 per cent of the stake is the firm largest shareholder.

In 2016, LAS planned a sale of VND4.7 trillion and a profit after tax of VND436 billion as well as a 15 per cent dividend.

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