Hai Phat plans to pay 2019 dividend in shares at the rate of 15%

20.09.2022

Hai Phat Investment Joint Stock Company (stock code HPX) has just approved the plan to issue shares to pay dividends in 2019 according to the resolution of the shareholders' Meeting in June 2020. reasonable, Hai Phat Invest plans to issue nearly 34.5 million shares to pay dividends in 2019 at the rate of 15%, corresponding to a Shareholder owning 100 shares will receive 15 new shares. Expected release time after being accepted by Securities Commission. Issuing value at par value is expected nearly 345 billion dong. In 2020, although many businesses are facing difficulties from the effects of the epidemic, Hai Phat still decided to pay dividends in 2019 at the rate of 15% as planned. In 2020, Hai Phat Invest aims to reach 1,600 to 2,000 billion dong of total revenue. Profit after tax is expected to reach from 350 to 400 billion. Minimum dividend rate of 15%. In 2020, HPX will simultaneously carry out site clearance and complete investment procedures for projects in An Binh 1 & 2 (Can Tho) with scale of 223, Mai Pha project (Lang Son) with scale of 91 , 7 ha and Dong Quang project ( Hanoi) with a scale of 30 ha to ensure implementation in phasing in 2021 - 2025; The Phu Hai 5 ha land project (Phan Thiet) will be implemented from October 2020; Deploying the investment in the project of building commercial houses under the Fidel Park project, Dong Ha city (Quang Tri) with a scale of 1.1 hectares of commercial land.

Perspective of The Seahara Phu Yen Shop Villas project. — Perspective project The Seahara Phu Yen Shop Villas.

At the same time, the Company will complete the construction of a 2.6-ha commercial service area project north of Tuy Hoa airport in Phu Yen (trade name is The Seahara Phu Yen Shop Villas). In addition, Hai Phat aims to find at least two more projects in 2020 to be able to launch short-term business, restructure its portfolio in the direction of transferrin some projects and recovering capital investment cooperation.

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