Thanh Cong Securities Corporation (TCI) is set to distribute over 14.6 million shares as dividends. Illustrative photo.
Thanh Cong Securities Corporation (TCI) announced on May 13 that it will finalize the shareholder list for the 2021 dividend distribution.
Accordingly, TCI plans to issue over 14.64 million shares as dividends to shareholders at a ratio of 200:29. This means that for every 1 existing share, shareholders will receive 1 right. Every 200 rights will be entitled to 29 newly issued shares, rounded down to the nearest whole number.
The source of capital for the issuance is the retained earnings after tax, as per the audited 2021 financial statements.
In other related developments, on January 26, nearly 101 million TCI shares of Thanh Cong Securities Corporation were officially listed on the Ho Chi Minh City Stock Exchange (HoSE) at a reference price of VND13,050/share.
In terms of business performance, Thanh Cong Securities recorded a total revenue of VND41.6 billion in the first quarter of 2024, an increase of 55.2% year-on-year. Margin lending contributed the largest share, reaching VND22.8 billion, marking a significant 260.9% growth. Pre-tax and after-tax profits reached VND16.4 billion and VND13.8 billion, respectively, corresponding to growth rates of 91.94% and 76.4% compared to the same period last year.
On the market, TCI shares rose 2.75% to VND11,200/share in the afternoon trading session on April 24.
