Techcombank proposes 15% cash dividend and capital increase plan to shareholders

March 31, 2024

HÀ NỘI Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) has presented its shareholders a proposal to distribute a 15 per cent cash dividend and undergo a substantial capital increase. The Board of Directors proposes a cash dividend of 15 per cent per share (equivalent to VNĐ1,500 per share), based on the total number of shares in circulation at the dividend record date. The total dividend payout is expected to total approximately VNĐ5.28 trillion. The sources of owner's equity intended for the capital increase include undistributed after-tax profit, supplementary reserves for charter capital, and surplus share capital, as specified in Techcombank's audited separate and consolidated financial statements for 2023. The capital increase through share issuance is expected to be completed within 2024 or upon fulfilling the necessary legal procedures, as required for Techcombank.

The source of this news is from Vietnam News

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