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TAC denies rumours on acquisition

02-May-2012 Intellasia | Dau Tu Chung Khoan page 5 | 11:41 AM

The leaders of Tuong An Vegetable Oil Joint Stock Co (coded TAC) officially denied the rumour that Masan Group would acquire TAC in the near future in the latest annual general meeting (AGM).

In the meeting, the company approved 2012 business plan with total revenue of 4.35 trillion dong, after tax profit of 50 billion dong and dividend payment of 16 percent.

After the first three months, the company gained 969.3 billion dong of revenue and 15.59 billion dong of profit. The company plans to pay 2011 dividend at 16 percent in cash to the existing shareholders.


Category: Business

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