SCJ doubles charter capital

Sai Son Cement Joint Stock Company (SCJ) will double its charter capital to VND195.16 billion (US$9.29 million) from VND97.58 billion ($4.64 million), according to an official announcement by the company.

Ten per cent of the increase will be funded by issuing shares to pay dividends for 2011, while the company will issue bonus shares to fill the remaining 90 per cent.

In the first six months of the year, SCJ reported VND143.67 billion ($6.84 million) in net revenues, up 12 per cent from 2012.

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