Tien Len Steel Co. registers for listing 54 million shares on HOSE

VNStockNews.com - Ho Chi Minh Stock Exchange (HOSE) announced to receive the application profile from Tien Len Steel Group Joint Stock Co (TLC) for listing 54 million shares on the southern bourse from December 10, equal to its chartered capital of 540 million shares.

The company held the shareholders meeting in October 2009 for changing the company's operation method into a joint stock company.

In that meeting, the shareholders already approved the targets for revenue and profit after tax in 2010 and 2011 of 10.356 trillion dong – 325 billion dong and 18.123 trillion dong – 569 billion dong respectively. It expects to pay dividend in 2010 and 2011 of 30.32 percent and 39.8 percent.

The company has its head office located at G1A Dong Khoi St, Tan Hiep Ward, Bien Hoa City, Dong Nai province. The consultancy agent for listing shares of Tien Len Steel Joint Stock Co. was Bao Viet Securities Joint Stock Co (BVSC).