ASM Pays Dividends in Cash, Offers Share in 2:1 Proportion

Sao Mai Investment and Construction Corporation (ASM) held its Annual General Meeting for the fiscal year 2010 at Meeting Hall of Sao Mai High-grade Urban Zone in Binh Khanh Ward, Long Xuyen City, An Giang Province, on March 30, 2010.

 

The general assembly approved business results in 2009, operating plans for 2010 and other important matters.

 

The An Giang province-based corporation made revenue of VND547 billion in 2009, up 82 percent from the initial plan, and a pretax profit of VND68 billion, up 127 percent from the plan. Also in 2009, the firm paid a dividend in cash equalling 20 percent of the chartered capital.

 

According to the approved plans, ASM will issue shares to hike the chartered capital to VND153 billion, make revenues of VND600 billion, earn VND80 billion of net profit and pay 30 percent of dividends.

 

In 2009, the company issued bonus shares to existing shareholders at a 1-to1 ratio. ASM is listing on the Hochiminh Stock Exchange (HOSE).