Post and Telecommunication Insurance Joint Stock Corp (PTI) has released the resolution approved by the management board dated April 5, 2012 on allocating bonus shares to existing shareholders in order to raise chartered capital.
The company would issue 5.4 million shares valued at 54 billion dong to shareholders as bonus shares. The applied ratio would be 100:12 or each shareholder who owns 100 shares will be allocated additional 12 new shares.
The share issuance is supposed to take place in Q2 of 2012.
Previously, the company worked out 2012 business plan with targeted revenue of 1.53 trillion dong and profit of 82 billion dong, up 35 percent in revenue but down 9 percent in profit in comparison with that of 2011.