QCG not to pay dividend in shares as scheduled

02-May-2012 Intellasia | Dau Tu Chung Khoan page 5 | 11:39 AM Print This Post

Quoc Cuong Gia Lai Joint Stock Co (coded QCG) has approved the 2012 business plan with targeted revenue of 885 billion dong and pre-tax profit of 126 billion dong, up 387 percent against the previous year.

The company announced not to pay 2010 dividend in shares as scheduled previously, but to keep the capital for re-investment purposes in 2012. The company would also convert 58,500 convertible bonds into 5.559 million shares, raising the chartered capital to 1.27 trillion dong.

In the coming time, QCG would sell some investment projects to pay the current outstanding loans, reducing the pressure of paying lending interest.

 


Category: Stocks

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