TNG Investment and Trading Joint Stock Co (coded TNG) has lately approved for issuing additional shares to hike chartered capital.
Accordingly, the company would issue additional 3.37 million shares to the existing shareholders at applied ratio of 4:1. The offering price has been set at no less than 10,000 dong per share. In addition, TNG plans to issue shares to current employees with amount equivalent to 5 percent of the total share volume listed on the stock market at the issuance time.
In addition, the company has approved the targeted business plan with total revenue of 1.376 trillion dong, up 20 percent against 2011, and after tax profit of 55 billion dong, up 124 percent. In 2012, TNG would pay dividend at 16 percent at least.
At present, the company has chartered capital of 134.61 billion dong.