HDG issues bonus shares

Ha Do Group JCS (HDG)’s shareholders have approved the plan to issue 19 million shares to its current shareholders with the ratio at 25 percent.

The first phase, it will issue 11.4 million bonus shares at ratio of 15 percent, with capital sourced from its capital surplus, development investment fund and after tax profit.

The second phase, it plans to issue 7.6 million shares at a cost of VND 10,000 per share with the ratio at 10 percent.

Total mobilization capital is expected to reach VND 76billion, which will be added in Ha Do-Binh Thuan Corp (HDG occupies 75 percent of capital).

In the first quarter of 2018, HDG’s revenue reached VND 240 billion, an increase of 40 percent against 2017; after tax profit was VND 34.5billion.

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