Uy Nam Investment and Construction Joint Stock Co (Unicons) announced that the company has used the total amount of 38.79 billion dong gained from the latest share issuance.
In details, the company has spent 13.34 billion dong for purchasing land in Binh Duong province, 2.91 billion dong for building some storehouse in Binh Duong, 11.98 billion dong for buying some fixed assets such as machines, equipment, and supplementing working capital of 10.56 billion dong.
Those were the additional shares being issued for existing shareholders, current employees and strategic partners, of which 837,000 shares were issued for shareholders, 251,000 shares for current employees and 1.422 million shares for strategic shareholders. After the share issuance, Unicons’ chartered capital was hiked from 27.9 billion dong 53 billion dong.
In 2011, Unicons set targets to reach whole year revenue of 1.3 trillion dong, after tax profit of 40 billion dong and pay dividend at 20 percent. In Q4, the company planned to raise chartered capital to 63.6 billion dong via issuing additional 1.06 million shares for paying dividend in shares to existing shareholders. Of which, the company would pay 2010 dividend – the second phase at 10 percent and advancing first round dividend at 10 percent.