MEF to pay 2011 dividend from May 10

UPCoM-listed MEINFE Joint Stock Co (coded MEF) has recently announced the resolution of the annual general meeting 2012 whereby in 2012, the company targets to gain 240 billion dong revenue, up 4.4 percent on year and after tax profit at 15 billion dong, down 30 percent on year with expected dividend at 30 percent.

The meeting also passed a plan to allocate profit with dividend payment of 40 percent in cash for 2011 (4,000 dong per share) from May 10.

At the same time, the meeting also agreed to adjust the company’s chartered capital to over 37.55 billion dong.

Earlier, the company convened an extraordinary shareholders’ meeting (November 6, 2011) about a plan of issuing additional 870,000 shares to hike the chartered capital from 29 billion dong to 37.7 billion dong.

Also, the chartered capital of its subsidiary namely Van Xuan one-member Ltd Co will be raised by additional 10 billion dong from the previous chartered capital of five billion dong.

 

Category: Stocks