Gentraco advances '09 dividend in shares

VNStockNews.com - Extraordinary meeting of Gentraco Joint Stock Co has passed the plan of advancing 2009 dividend of 20 percent in shares and selling shares to the employees to hike charter capital to 100.5 billion dong.

In details, Gentraco will issue 1,588,432 shares to advance the dividend of 20 percent.

The number of odd shares (if any) will be paid in cash to the shareholders with corresponding face value of 10,000 dong/share.
In addition, the firm will sell 391,568 shares at 15,000 dong/share to the employees.

Being equitised in 1998, the company has the charter capital of 80.7 billion dong at this time.