Tien Len Steel Group Joint Stock Co (coded TLH) would issue 4,748,029 shares for paying 2011 dividend in shares at applied ratio of 9%.
Within this year, the group planned to issue additional 18,800,353 shares to swap the shares of PHT at 1:1.25 ratio (one PHT-coded share for 1.25 TLH shares. After the share issuance, the company’s chartered capital would be increased by over 188 billion dong.
TLH expected to reach whole year revenue of 3.5 trillion dong and after tax profit of 106 billion dong this year.
In the first three months, the group reported gaining net revenue of 511.7 billion dong, after tax profit of 15.8 billion dong, declining by 29 percent and 53.9 percent respectively against the same period last year.