Indochina Capital enlarges VHG-coded shares

Tuesday, April 22, 2008
Viet Han Production and Investment Joint Stock Co (coded VHG) recently announced that Indochina Capital Vietnam Holding Limited bought more 60,000 VHG-coded shares, bringing the total shares to 3,554,800 shares or 14.22% of chartered capital.
Earlier, Indochina Capital Vietnam Holding Limited hold 3,494,800 shares or 13.88% stake of Viet Han Co.
In the fourth quarter of 2007, the company made a revenue of 89.828 billion dong and 6.759 billion dong from after tax profit, bringing the total figures of the whole year to 700.48 billion dong and 86.204 billion dong respectively, a year-on-year increase of 70.76% and 35.89%.
This year, the company plans to bring one trillion dong in revenue and 110 billion dong from after tax profit, pay dividend of 20% and approve many projects with the total investment capital of 325 billion dong.
The company's shareholders' meeting recently passed the plan to buy back 6.25 million shares or 25% of chartered capital to stabilise the price and serve its long-term targets.
Ending the trading session on April 18, VHG-coded shares added 500 dong or 1.82% to 28,000 dong per share with 11,060 shares being traded.