Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) has decided to temporarily postpone dividend payments in early Q2 2025 to focus its capital on the project to expand the Ho Chi Minh City – Trung Luong – My Thuan expressway. This project has a total investment of approximately 39.8 trillion VND, spanning 95 km, set to be implemented from 2024 to 2028. CII plans to participate in the project with a 55% stake alongside other investors. To expedite the start of the project, the Government Office has requested the Ministry of Transport to accelerate the progress. CII will also reduce its dividend rate from 16% to 12% for 2024 and 2025. Additionally, CII has planned to issue bonus shares at a rate of 14% to increase capital. The projected total revenue for 2025 is 3.888 trillion VND, with a net profit of 335 billion VND. Currently, CII’s shares are trading at 13,800 VND.
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