CCI plans to issue 4.5m shares at 2:1 ratio

The management board of Cu Chi Commercial & Industrial Developing Investment Joint Stock Co (coded CCI) has lately passed the plan of issuing 5 million shares in order to raise chartered capital from 90 billion dong to 140 billion dong in 2011.

Accordingly, the company will offer 4.5 million shares for existing shareholders under applied ratio of 2:1 and the rest 500,000 shares for current employees at par value of 10,000 dong per share.

Up to the end of 2010, CCI reported reaching total revenue of 242 billion dong, surpassing by 27.5 percent against the year plan and after tax profit of 23.6 billion dong. The company’s leaders agreed to pay dividend at 18 percent.

In 2011, the company targeted to obtain total revenue of 242 billion dong, after tax profit of 23 billion dong and dividend payment at 18.14 percent.

CCI planned t hold the annual shareholders meeting on March 26, 2011. The shareholders list for attending the meeting was expected to be closed on March 9.

 

Category: Stocks