Giai Phong Auto Co. to allocate bonus shares at the ratio of 10:1

VNStockNews.com - Giai Phong Auto Joint Stock Co (coded GGG) announced allocating bonus shares to its existing shareholders using the capital surplus in period of 2007-2008 at the rate of 10:1 or each shareholder that is included in the list of shareholders on the closing date owning 10 shares will receive one bonus share.

The State Securities Commission previously informed to have received the report for issuing bonus shares for GGG's existing shareholders.

The company expects to gain a sharp increase in sales revenue from trucks in Q4 of 2009 because the tax incentives for value added tax and registration fees are supposed to end on December 31, 2009.

In Oct, GGG's total value of the signed contracts and agreements was estimated at 110 billion dong. The company aims to gain 2009 revenue of over 190 billion dong, surpassing the year plan of 180 billion dong.

In Q3, Giai Phong Auto Joint Stock Co. earned accumulative revenue of 87.8 billion dong and profit after tax of 563 million dong.