The Lu Gia Mechanical Electric Company plans to earn net revenue of VND120 billion this year, a year-on-year increase of 56.4 percent, resulting in an after-tax profit of VND30 billion and allowing a dividend payment ratio of 17 percent.
The company plans to raise its charter capital to VND80 billion from VND30 billion by issuing an additional 5 million shares.
The Lu Gia Company will sell 4.5 million of those shares to existing shareholders at a ratio of 1:1.5, 150,000 to its staff and the rest to strategic partners, all at the same price of VND15,000 per share.
The total capital after issuance will be invested into a Lu Gia apartment-building development project.
VOVNews/VNA
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