Can Tho Sugar and Sugarcane Joint Stock Co (DuongCanTho) has lately registered for issuing 2,179,474 shares to pay 2011 dividend for existing shareholders at applied rate of 20 percent.
After the share issuance, the company’s chartered capital would be raised to 130.8 billion dong.
Previously, the company had advanced dividend in cash at 40 percent for shareholders in 2011.
This year, DuongCanTho set target to reach whole year production output of 85,000 tonnes, bringing in pre-tax profit of 70 billion dong. The company plans to pay dividend at 30 percent at least.