FLC to issue shares to pay dividends, increase charter capital

Update: July, 12/2014 - 10:08

HA NOI (VNS)  — The FLC Group will issue shares to pay dividend and increase the charter capital.

It got the nod from the State Securities Commission on Wednesday to offer shares to the public to pay dividends at ratio of 4 per cent and to existing stakeholders to increase its charter capital.

After the issue of shares, FLC's charter capital would be increased to approximately VND3.15 trillion or $148 million from VND1.54 trillion or $72.3 million.

In the first half of this year, the group met 50 per cent of the full year's profit target which was set at VND350 billion or $16.5 million. — VNS