Metal big Hoa Phat is the enterprise with the most important constitution capital on HoSE after the bourse accepted its issuance of almost 1.16 billion shares Monday.
The 1.16 billion shares had been issued to pay dividend to its shareholders.
The issuance hiked its constitution capital by almost 35 p.c to VND44.7 trillion($1.9 billion). The group’s constitution capital has risen by 34 p.c since its preliminary public providing on the Ho Chi Minh Inventory Trade (HoSE) on the finish of 2007.
It’s also the enterprise with the fourth largest market capitalization on HoSE at VND230 trillion and, the very best amongst metal enterprises.
Its HPG ticker is amongst the best performing stocks this 12 months, having risen 68 p.c to date.
For this 12 months, the group targets promoting 5 million tons of metal and metal billet.
It’s also focusing on a 33 p.c year-on-year progress in each income and post-tax revenue this 12 months to VND120 trillion and VND18 trillion respectively.