Gemadept to pay 80% dividend
Wednesday, February 28,2018AsemconnectVietnam - Gemadept Corporation – a logistics firm - plans to make an 80% dividend payout rate, equal to VND8,000 (US$35 cents) per share, if its plan gets approved by the HCM Stock Exchange on February 26.
Gemadept Corp general director Do Van Minh told local media that the dividend payout rate included a 15% rate that was approved by the company shareholders at its general meeting in 2017.
The remaining part of the dividend payout rate is 65%, which was generated from Gemadept’s selling of its stake in its two subsidiaries – Gemadept Shipping Holding Co LTd and Gemadept Logistics Holding Co Ltd – to the Korean business CJ Logistics, Minh said.
The Gemadept Corporation had previously offloaded half of its ownership in those two sub-units to CJ Logistics Hong Kong, holding 51% in the former company and 49.1% in the latter one.
The two sub-units were re-named to CJ-Gemadept Shipping Holdings Co Ltd and CJ-Gemadept Logistics Holdings Co Ltd.
The Gemadept Corporation is listed on the HCM Stock Exchange with code GMD, having increased by total 10.3% since February 8 to close February 23 at VND42,800 per share.
Source: Vov.vn
Van Phat Hung (VPH) lost VND5.6 billion in Q1/2023
FPT: Revenue and profit in May continued to increase
FPT: Revenue and profit in May continued to increase
Southern Gas (PGS) targets a sharp drop in revenue and profit
One Capital Hospitality (OCH) AGM: Target VND1,196 billion revenue in 2023
PNJ reached nearly VND1,000 billion profit after 5 months
DB Insurance (Korea) will buy 75% shares of BSH Insurance
Tan Cang Logistics & Stevedoring Joint Stock Company (TCL) target 5% growth in 2023
Tri Viet Securities (TVB) consolidates its personnel and anticipates market recovery opportunities
Moody's gives HDBank a B1 credit rating, assessing low NPLs and high operational efficiency
ABBANK (ABB) issuance shares, raising the charter capital to more than VND10,350 billion
HDBank (HDB) tobe approved to pay 15% stock dividend, increasing capital by nearly VND3,800 billion
Taseco Aviation Services (AST) expected to reach VND155 billion in 2023
ACB increased charter capital to VND38,840 billion
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...