Khang Điền House to issue 130 million shares for dividend and bonus payments

May 20, 2019 - 10:51

Khang Điền House Trading and Investment JSC (HoSE: KDH) plans to issue 130 million bonus shares for dividend payments and employee stock ownership plan (ESOP) distribution.

HÀ NỘI — Khang Điền House Trading and Investment JSC (HoSE: KDH) plans to issue 130 million bonus shares for dividend payments and employee stock ownership plan (ESOP) distribution.

Five per cent of the 130 million shares, equal to 20.7 million shares, will be paid as dividends to shareholders.

The issuance rate is 5 per cent.

The remainder will be bonus shares issued at a rate of 25 per cent.

In addition, the company plans to issue 6.2 million ESOP shares for its employees at a rate of 1.5 per cent and a price of VNĐ15,000 (US$0.65) per share.

The share issuance is expected to be carried out in the third quarter of 2019.

The company's shares closed flat on Friday at VNĐ30,400.

In 2018, Khang Điền earned VNĐ2.92 trillion in revenue, down 4.6 per cent year-on-year, but its post-tax profit jumped 61 per cent to VNĐ809 billion. — VNS

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