| |
| Mai Linh Group to narrow its investment sectors |
| 01/Jul/2009 Intellasia | CafeF |
|
| 1 Jul, 2009 - 12:08:41 PM |
|
|
Ho Huy, chair of Mai Linh Group's management board has said that the company plans to narrow its list of investment projects by cancelling the ineffective ones.
The group will focus on investment projects on tourism, production and transportation, in which the capital invested accounts for 70 percent of the total value.
The group will de-list the subsidiaries that worked ineffectively, and real estate projects that do not belong to production and trading purposes would be sold to revoke the capital, to pay loans and to invest in other business sectors.
Mai Linh Group has set targets of reaching 2009 revenue of 2.284 trillion dong and profit after tax of 61.7 billion dong.
The group will allocate bonus shares from the outstanding capital in Q4 of 2009 at a ratio of 2:1 or every two shares for one bonus share.
The shareholders also approved the resolution of issuing shares from convertible bonds and issuing new shares for the company's strategic partners with the total value of 980 billion dong.
|
|
|
|
