Stock market

MHC, HAX, DMC announce to issue shares & 2015 plan

MHC Joint Stock Co. (MHC) plans to issue 13.5million shares for its current shareholders with a ratio at 2:1; 12.5million shares for its strategic shareholders and one million for laborers, aiming to mobilize capital for financial investment projects in 2015.

Hang Xanh Auto Services Joint Stock Co. (HAX) announced its fiscal sustainability report of 2014 with revenue of VND 1,220billion, up 77 percent compared to last year and passed 25.5 percent of its yearly target; net profit of VND 17billion, an increase 17 fold compared to 2013.

Domesco Medical Import-Export JSC (DMC) announced to close its shareholders’ list on March 6 and post an advanced cash dividend payout ratio at 8 percent for the 1st phase of 2014 on March 27. For this year’s plan, DMC targets to reach revenue of VND 1,633billion, gross profit of VND 147billion and dividend payout ratio at 18 percent.

DTTC –Translated by T.Tran

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