Thien Long finalizes dividend payment date, Chairman Co Gia Tho’s family group expected to receive 5.15 million new shares and 51.5 billion VND in cash

Thien Long Group JSC (TLG) has approved the distribution of 2024 dividends in shares and advanced 2025 dividends in cash, with the registration deadline on December 12. The dividend rate for 2024 is 10:1, meaning one new share for every ten existing shares, with an estimated issuance of about 8.78 million shares. The cash dividend for 2025 will be at a rate of 10% of par value (1,000 VND/share), payable on December 26, with a total payout of approximately 87.8 billion VND. The family group of Chairman Co Gia Tho will benefit significantly, projected to receive 5.15 million shares and around 51.5 billion VND in cash. This group controls nearly 59% of Thien Long’s capital. In Q3, revenue reached 1.184 trillion VND (up 32%), while net profit decreased by 17%. So far, Thien Long has accomplished 77% of revenue and 84% of profit goals for 2025.