GMC targets 15% dividend in cash in 2008

Friday, April 18, 2008
Saigon Garment Trade and Production Joint Stock Co (coded GMC)'s shareholders' meeting recently passed the business plan in 2008 with 370 billion dong in revenue, 20 billion dong from pre tax profit and pay dividend of 15% in cash.
The shareholders' meeting also passed the plan to offer 1,867,799 shares to the existing shareholders for the second phase of 2008 at the ratio of two new shares for five shares held and the selling price of 12,000 dong per share.