Of which, SJ Group will issue more than 86.25 million shares to pay dividends in 2018, 2019, 2020, 2021 and 2024, at a rate of 75.1%. At the same time, the Company will issue more than 96.36 million bonus shares to increase capital, at a rate of 83.9%.
Thus, the total ratio of shareholders to receive is 159%. With the implementation ratio of 100:59, equivalent to shareholders owning 100 shares on the record date will receive 159 new shares. All newly issued shares are freely transferable. The total issuance value (calculated at par value) is up to more than 1,826 billion VND. If successful, after the issuance, the Company's charter capital will increase from nearly 1,149 billion VND to nearly 2,975 billion VND.
The source of capital for dividend distribution is taken from undistributed profit after tax according to the audited consolidated financial statements for 2024; while the capital increase is taken from the development investment fund and capital surplus.
The issuance is expected to take place in 2025, after receiving notification of complete documents from the State Securities Commission.
This issuance plan was approved at the Annual General Meeting of Shareholders on March 28, 2025. Accordingly, SJ Group will pay gross dividends for the years 2018 - 2021 in shares at a total rate of 26%, and pay dividends for 2024 at a rate of 49.1%, also in shares.
Previously, at the annual General Meeting of Shareholders from 2019 to 2021, the company approved a plan to pay cash dividends, with the rates of 10% for 2018, 10% for 2019 and 3% for 2020 - totaling up to 23%, equivalent to about 262 billion VND.
However, in order to prioritize cash flow for production and business activities, by 2022, the company has decided to switch all forms of dividend payments from cash to stocks, including dividends in 2021. This is a step considered to be consistent with the strategy of reinvestment and increasing financial strength of SJ Group in the new period. In 2025, the SJS General Meeting of Shareholders set the following targets: Total production and business value reached VND 2,479 billion, an increase of 75% compared to 2024; total revenue reached VND 1,211 billion, equivalent to more than 1.8 times the revenue in 2024. Accordingly, total profit reached VND 753 billion, more than 2.1 times the profit in 2024.
In the first quarter of 2025, the Company achieved VND 143.3 billion in net revenue, up 21% and profit after tax of VND 67.2 billion, up nearly 53% over the same period. SJ Group said that the positive business results in the first quarter came from the Company continuing to operate the Nam An Khanh project.
Source: https://baovanhoa.vn/kinh-te/sj-group-sjs-sap-phat-hanh-1826-trieu-co-phieu-tra-co-tuc-144067.html
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