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Tung Kuang Industrial shareholders approve fund reversal, cash dividend

August 29, 2025 at 06:00 PM UTCBy FilingReader AI

Tung Kuang Industrial Joint Stock Company's extraordinary general meeting, held on August 28, 2025, approved a resolution to reverse a Development Investment Fund on undistributed profit after tax. The approved refund amount is VND 34,440,653,968. This decision was supported by 92.08% of the total voting shares.

Following the fund repatriation, the company also greenlit a cash dividend payment from the undistributed profit after tax. The dividend payout ratio is set at 5% per share, with each common share receiving VND 500. This payment is expected to occur in September 2025, with the board of directors authorized to finalize the specific timeline and procedures.

The resolution mandates the board of directors, supervisory board, executive board, and relevant departments to ensure its implementation. The decision aligns with the company's commitment to shareholder interests.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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