Saigon Cosmetics shareholders adopt 3m share issue plan

The shareholders' meeting of Saigon Cosmetics Joint Stock Co adopted the plan to issue an extra 3,179,750 shares to hike the chartered capital to 86 billion dong.

In which, 874,480 shares will be paid for the 16% dividend along with another 9% dividend in cash. 162,608 shares will be issued to attract talented staff, 1,366,375 shares offered to existing shareholders and 776,287 shares issued to strategic shareholders.

In 2008, the company expects to reach total revenue of 160.947 billion dong, the pre-tax profit of 27.076 billion dong, and a dividend of 20%.