Huu Lien Asia Co. to pay cash dividend

VNStockNews.com - Shareholders of Huu Lien Asia Joint Stock Co (HLA), a manufacturer of steel pipes and machinery parts, have approved a plan to pay an 8 per cent cash dividend and issue bonus shares to existing shareholders at a ratio of 20 shares per hundred.

HLA will also issue 10 million additional shares to its major shareholders.

The company earned VND1.88 trillion (US$102.7 million) and posted a net profit of VND66.7 billion ($3.6 million) in the first nine months of this year.