Hoa Phat Group (HPG) has announced that June 27 will be the final registration date for shareholders to receive 2024 dividends in shares at a ratio of 20% (1 new share for every 5 shares held). The ex-dividend date is June 26. Hoa Phat plans to issue nearly 1.28 billion new shares, valued at 12.793 trillion VND, using undistributed after-tax profit. Post-issuance, the charter capital will increase to 76.755 trillion VND, making it the largest in the non-financial sector on the stock exchange. This issuance plan replaces the earlier proposal offering a 5% cash and 15% stock dividend. The dividend in shares was chosen to safeguard cash flow against global market fluctuations. Major shareholder Tran Dinh Long holds 25.8% of shares and will receive about 448 million shares from the issuance. In Q1 2025, Hoa Phat recorded revenue of 37.9 trillion VND and after-tax profit of 3.3 trillion VND, up 22% and 16% year-on-year.
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