AsemconnectVietnam - Thien Long Group Corporation (code TLG) has just announced documents for the annual general meeting of shareholders to be held on April 10, 2025.

Accordingly, Thien Long sets a net revenue target of VND4,200 billion in 2025, up 12% compared to 2024; but after-tax profit will decrease by 3%, reaching VND450 billion.
In the domestic market, the Company said it will strengthen distribution, develop e-commerce, and create innovative products. In the international market, Thien Long wants to expand the FlexOffice & Colokit brand in Southeast Asia, Europe, and America.
Regarding the profit distribution plan, the Company will pay an expected dividend rate of 35% in 2025. Regarding the 2024 dividend payment plan, TLG will submit to shareholders a plan to pay dividends of more than 8.6 million shares at a rate of 10%. The total issuance value at par value is more than VND86.4 billion from undistributed after-tax profits as of December 31, 2024. The expected implementation time is in the second and third quarters of 2025.
In addition, TLG also asked for shareholders' opinions on the issuance of 1.3 million ESOP shares, accounting for 1.37% of the outstanding shares at a price of VND10,000 for the Company's employees. These shares will be subject to a 100% transfer restriction within 1 year from the end of the issuance. The amount raised is expected to be VND13 billion, which TLG will add to the Company's working capital.
Looking back at 2024, the Company recorded consolidated net revenue of VND3,759 billion, up 8.6% compared to 2023 and completing the set plan. Profit after tax (excluding non-controlling shareholder interests) reached VND461 billion, up 28.6% and exceeding the plan by 21%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan