Home appliance firm to issue shares

Home appliance provider Sana WMT (ASA) will increase its charter capital from VND30 billion (US$1.4 million) to VND100 billion ($4.7 million) via issuing 7 million shares at par value.

This year, it plans to achieve a revenue of VND220 billion ($10.4 million), increasing 107 per cent compared to last year, and triple its net profit to VND3 billion ($142,800).

The company will set aside VND2.2 billion ($104,700) to pay dividends.

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