Viet Duc VG PIPE (VGS) issues nearly 5.6 million shares to pay dividends

VHO - Viet Duc Steel Pipe Joint Stock Company VG PIPE (stock code: VGS) has just announced a plan to issue shares to pay dividends in 2024.

The company will issue about 5.6 million shares to pay dividends. Illustration photo

According to the plan, the company will issue about 5.6 million shares to pay dividends at a ratio of 100:10, meaning that each shareholder owning 100 shares will receive 10 new shares. Fractional shares (if any) will be canceled.

The source of capital for implementation is taken from after-tax profit as of December 31, 2024, based on the audited financial report for 2024.

In the first quarter of 2025 alone, the company recorded revenue of about VND 1,797 billion, a slight increase over the same period last year and completing 26.8% of the yearly plan. Pre-tax profit reached VND 48.85 billion, a sharp increase of 181% over the same period and completing 51.64% of the yearly target.

Regarding the business plan, at the recent Annual General Meeting of Shareholders, VG PIPE approved the consolidated revenue target for 2025 at VND 6,700 billion, down 8.9% compared to the previous year. Pre-tax profit is expected to reach VND 94.6 billion, down 29.9% compared to the results achieved in 2024.

At the congress, Viet Duc VG PIPE also approved the plan to organize and implement the Viet Duc Legend City Urban Area project and carry out the construction of the social housing project in March 2025 and the infrastructure in April 2025 for phase 1. At the same time, focus on coordinating with the issuing agency to carry out the site clearance work in phase II.

Viet Duc Legend City Urban Area Project has a scale of 620,798 m2 at the intersection of the main axis of Me Linh new urban area with National Highway 2A, Dao Duc town, Binh Xuyen district, Vinh Phuc province, with a total estimated investment capital of 6,269 billion VND (investor capital of 1,148.6 billion VND and mobilized capital of 5,120.4 billion VND).

The project is divided into two phases, phase one covers an area of ​​275,159 m2 and phase two is implemented on an area of ​​345,639 m2.

Source: https://baovanhoa.vn/kinh-te/viet-duc-vg-pipe-vgs-phat-hanh-gan-56-trieu-co-phieu-chia-co-tuc-145859.html