HSG to buy 2m treasury shares

Hoa Sen Group (coded HSG) has registered to buy maximum 2 million of treasury shares. This will increase its holding up to 5.8 million units, equal to 6 percent circulating shares. HSG currently holds 3.8 million treasury shares, equivalent to 4 percent circulating shares.

According to consolidated audited report (2010-2011 period), the capital source to buy shares is 451.5 billion dong from capital surplus by the time of September 30, 2011. Before that, HSG bought one million treasury shares on 2 million registered ones from April 4 to July 24, 2012.

Cumulatively in three financial periods in 2011-2012, HSG has reached nearly 9.605 trillion dong of net revenue and 226.5 billion dong of consolidated profit after tax, up 95 percent year-on-year.

 

Category: Stocks