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Tuesday, June 18, 2024

Lix Detergent to issue 32.4 million bonus shares

The Saigon Times

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HCMC – Lix Detergent JSC (HOSE: LIX) has passed a plan to distribute 32.4 million bonus shares to its current shareholders on a 1:1 basis.

This means shareholders will get one additional share for every share held. The issue will be financed through the company’s development investment fund, which totals VND371 billion as per the 2023 audited financial statement.

In addition to the share issue, the detergent manufacturer will distribute a cash dividend of 30% for the fiscal year 2023. Shareholders are set to receive VND3,000 for each share held, which means the company will spend a total of VND97.2 billion.

Although 10% was provisionally paid in January, the company has yet to announce the schedule for the remaining 20%.

The company has assured that the issuance of bonus shares will not affect the planned cash dividend payments.

Looking ahead to 2024, Lix Detergent aims for revenue of VND2,872 billion, up by a modest 3% over 2023, and anticipates net profit of VND240 billion, down by a slight 2% from the previous year.

Closing the trading session today, May 13, LIX edged up by 1.43% to VND71,000 per share.

The Hochiminh Stock Exchange closed with 203 gainers and 233 losers on Monday, with the VN-Index dropping 4.52 points, or 0.36%, to 1,240.18 points.

Trading volume reached 741.58 million shares valued at VND17.2 trillion, up by 10.84% in volume and 5.72% in value compared to the previous session. Nearly 105.4 million shares worth over VND2.4 trillion were transacted in block deals.

The VN30-Index of the VN30 basket declined by 4.94 points, or 0.39%, to 1,272.53 points, with 19 decliners and only seven winners.

VJC and VPB were the best performers among the 30 largest cap stocks, both up 1.6%, followed by GVR with a 1.1% increase.

Meanwhile, bank stocks HDB and CTG suffered the steepest declines, losing 1.9% and 1.7% respectively. VCB left the heaviest impact on the main index due to its 1.1% decrease.

Other bluechip stocks such as SAB, VNM, FPT, MWG and BID also fell by under 1%. Lender SHB took the lead by liquidity on the southern bourse with a trading volume of 21.8 million shares.

Mid-cap and small-cap stocks got a lot of attention today, with several tickers such as SAM, ST8, HQC, and DRH closing at their ceiling prices.

The HNX-Index of the Hanoi Stock Exchange rose 0.68 points, or 0.29%, to 236.36 points, with 105 stocks advancing and 69 others dipping. Trading volume on the northern market reached 76.98 million shares valued at VND1.56 trillion.

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