Hoa Phat plans to pay big 50% dividend

VNStockNews.com - Hoa Phat Group said it planned to offer a 50-per-cent dividend for this year’s profits, with 10 per cent to be paid in cash and 40% in shares. Payment was expected to be made within the first half of next year.

It also planned to issue VND1-1.6 trillion (US$54.1-86.5 million) worth of convertible bonds to raise funds for its major projects like the 292-ha Tay Mo urban area.

The company said it was consulting shareholders on the plans.