Thien Long Group (Ticker: TLG) has approved a plan to issue nearly 8.8 million shares, equivalent to 10% of the total shares outstanding, as a dividend for shareholders. The exercise ratio is 10:1, meaning that every 10 shares held entitles the shareholder to 1 new share. The total issuance value is estimated at 87.8 billion VND, funded from undistributed profits as of December 31, 2024. The implementation is expected in Q4 2025, pending approval from the State Securities Commission. If successful, the company’s charter capital will increase from 877.5 billion VND to nearly 965.3 billion VND. In the first half of 2025, the company reported revenue of 2,040 billion VND and net profit of over 300 billion VND, achieving 48.6% of revenue and 66.7% of profit targets. Total liabilities increased by 28.4% compared to the beginning of the year, reaching nearly 1.2997 trillion VND.
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