TTP shares to invest in loans

TTP is expected to cost about 54.6 billion to buy back shares of 03 companies for the purpose of long-term investment potential shares.
 


     Tan Tien Plastic Packaging Joint Stock Company (TTP - HOSE) announced Board resolution on the payment of dividends in 2012 and equity investments.

    

     Accordingly, the Board approved the plan TTP has spent a total of about 54.6 billion to buy back shares of 03 companies for the purpose of long-term investment potential shares.

    

     First, spending 36.3 billion to purchase 1.8 million shares of the Company for $ 19,700 ADEC Architecture VND / share. Then, spend 8.3 billion to purchase 185,000 shares of Investment and Trading of construction the Ben Thanh (Coresco) for 44 992 VND / share. Finally, spending 10 billion to buy 1 million shares of the expressways Service Corporation for 10,000 VND / share. The entire amount is used to buy shares borrowed money.

    

     In addition, the Board also decided TTP dividend payment 2/2012 in cash at the rate of 10% for shareholders. Ex-rights date is the day seventh. Final registration date is on 3/7. TTP time yet to announce the specific time of payment. In January 10/2012, TTP has paid 10% dividend 1/2012 also in cash.