Food producer to allocate bonus shares and pay dividend in shares

The northern bourse-listed Lam Dong Food Joint Stock Co (coded VDL) has lately approved the plan of issuing 975,998 shares for purposes of allocating bonus shares and paying dividend in shares in Q4 of 2010.

In details, the company will issue and allocate 717,646 bonus shares for existing shareholders at applied ratio of 3:1, using the ownership capital and other sources.

At the same time, VDL also issue 258,352 shares to pay first phase dividend at ratio of 12 percent, using the unallocated after tax profit.

 

Category: Stocks