According to KLF Joint Venture Global Investment Joint Stock Company (stock code: KLF), in the upcoming Annual General Shareholder Meeting year of 2015, KLF will submit the Proposal of increasing charter capital to around 3,600 bil VND by means of private placement, stock bonus and issuance to existing shareholders.
This plan shall be executed by 3 distinctive phases, and with such, KLF will issue stock bonus equaling 10% of the profit after tax of the company.
This method has been adjusted with regards to the first Submission document sent to Shareholders before the Meeting. In a discussion with Mr. Tran The Anh – Chairman of KLF’s Board of Management, this change reflects better policies for the shareholders.
In 2014, KLF achieved 831.25 bil total revenue, 91.37 bil profit after tax. For 2015 business, the company targets 1,650 bil revenue and 156 bil profit after tax.