The southern bourse-listed Tan Tao Investment and Industry Joint Stock Co (coded ITA) announced that the company plans to issue additional shares for paying first phase-2009 dividend and allocating bonus shares to existing shareholders.
In details, ITA will issue 53,361,948 shares for paying 2009 dividend- the first phase at ratio of 25 percent, equivalent to over 533.6 billion dong in value. The company will use capital source from undistributed after tax profit in 2009.
In addition, the company will use its fund of capital surplus for the latest three years for allocating 74,706,727 bonus shares for existing shareholders at ratio of 35 percent.
The payment date is expected to be within Q2 of 2010.