Sonadezi Long Thanh Co. collects approval to issue 10m bonus shares

VNStockNews.com - Sonadezi Long Thanh Joint Stock Co (coded SZL) released the resolution that the management board has already approved for collecting shareholders' opinions about issuing 10 million bonus shares at the ratio of 1:1 in order to increase its chartered capital to 200 billion dong in Q1 of 2010.

According to the resolution, the company will use the capital surplus, the investment development fund and undistributed profit after tax in 2008 to allocate the bonus shares for the existing shareholders.

The new bonus shares will be added for listing on Ho Chi Minh Stock Exchange (HOSE) after finishing issuing shares for the current shareholders.