Monday, December 5 2016

VietNamNews

LAS to issue 35m shares to raise capital

Update: July, 19/2016 - 10:37
LAS produces fertiliser and other chemical products to serve the northern market. — Photo LAS

HÀ NỘI — Lâm Thao Fertilizers and Chemicals JSC (LAS) will soon issue more than 35 million shares as a bonus to its existing shareholders.

After the issuance, LAS’ charter capital will increase from VNĐ778 billion to VNĐ1.13 trillion, corresponding to 112.8 million shares on the Hà Nội Stock Exchange

Based in the northern province of Phu Tho since 1962, LAS produces fertiliser and other chemical products to serve the northern market. Currently, the State-run Việt Nam National Chemical Group with nearly 70 per cent of the stake is the firm’s largest shareholder.

In 2016, LAS planned a sale of VNĐ4.7 trillion and a profit after tax of VNĐ436 billion as well as a 15 per cent dividend. — VNS

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