Tien Len Steel Group seeks shareholders' opinions to increase capital

VNStockNews.com - Tien Len Steel Group Joint Stock Co (coded TLC) announced to close the list of shareholders at 16:00 on December 25, 2009 for dividend payment in cash at ratio of 10 percent. The shareholders will receive dividend payment at the company's head office at G1A Dong Khoi St, Tan Hiep Ward, Bien Hoa City, Dong Nai province.

At the same time, the company also planned to collect shareholders' opinions about issuing additional shares to increase chartered capital.

Tien Len Steel Group has current chartered capital of 540 billion dong, with major business lines in trading steel products. Previously, the company had submitted application profile for listing shares on southern bourse.

According to the audited financial report, up to the end of September 2009, the company gained progressive revenue of 1.37 trillion dong and after tax profit of 78.755 billion dong. The company set targets of 5.178 trillion dong and 187 billion dong respectively.