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Tan Tien Plastic receives delisting approval

Update: May, 31/2014 - 09:26

HA NOI (VNS)— The delisting plan of Tan Tien Plastic Packaging JSC was passed at its Wednesday annual meeting with the approval vote of 77.64 per cent of small shareholders.

The company, listed on HCM City stock Exchange as TTP, announced that the reason for delisting was to focus on the restructuring to enhance production efficiency.

Treasury share buyback will be implemented to ensure the rights of small shareholders. Shareholders also approved the business plan for this year, with a turnover of VND1.8 trillion ($85.7 million), pre-tax profit of VND60 billion ($2.8 million) and dividend payout ratio of 10 per cent. — VNS

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