Traphaco Hi-tech Joint Stock Co (Traphaco CNC) has announced it intends to additional shares to hike chartered capital from 33.86 billion dong to 35.075 billion dong.
Accordingly, Traphaco CNC planned to offer 121,540 bonus shares to strategic shareholders and company employees following regulatory approval from the SSC.
In 2011 the company targets revenue of 285 billion dong and an after tax profit of approximately 29 billion dong, increasing by 20 percent year-on-year.
This year, Traphaco CNC aims to pay a dividend of 36 percent, of which 16 percent will be paid in cash and the balance of 20 percent in shares. The company planned to issue an additional 7,015,080 shares for dividend payment purposes.
Following the issuance, the company’s chartered capital will rise to 42.09 billion dong.