OGC offers 3-1 bonus shares

Financial conglomerate Ocean Group (OGC) will increase its charter capital to VND5 trillion (US$238 million) by offering bonus shares to existing shareholders at a 3-1 ration and at par value, as well as another 100 million shares to strategic partners.

The group targets earning of VND4 trillion ($190.4 million) and a profit this year of VND800 billion ($30 million), increases of 136 and 230 per cent over last year, respectively. It has also projected payment of a dividend of 12 per cent.

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