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(BCG) On April 20th, 2019, the Sale Opening Ceremony for High-end Villas of Malibu Hoi An Project was successfully organized in Ho Chi Minh city and Quang Nam province. This project is developed by Bamboo Capital Group (BCG). Indochina Hoi An Beach Villas – a subsidiary from BCG – takes part as the main investor.

Developer expecting high returns from real estate and renewable energy in the future. After making intensive investments in its core areas of operation, including real estate and renewable energy, Bamboo Capital (BCG) is now expecting abnormal returns generated by recognizing parts of those projects’ revenues and profits starting from 2019.

The attraction of state-capital withdrawn stocks. In 2015, State Capital Investment Corportaion (SCIC) has sucessfully withdrawn state-owned capital in 120 enterprises among which 116 were sold out, earning 4.491 billions dong over 1.682 billions dong of book value, making a gaining ratio of 2.7. Compared to 2014, the trading results in 2015 outperformed by 2.32 times in value and 1.6 times in quantity.

The plan of issuing 67.3 million shares to existing shareholders, issuing ESOP shares, dividends scheme and increasing charter capital to VND 1,080 billion (USD 48.21 million) has been approved by Bamboo Capital Join Stock Company (ticker“ BCG”) general shareholder meeting. With shareholders’ written consent, BCG announced its resolution of general shareholders which approves the company’s new shares issuance to existing shareholders, employees and paying dividends by shares plan.

Bamboo Capital plans to pay dividend by shares at 8% by issuing 3,256,000 new shares to existing shareholders once the company received its 2015 audited financial report. Issue capital is derived from undistributed capital gains recorded in reviewed 2015 financial report.In conclusion, the total addition shares Bamboo Capital plans to issue are more than 67.3 million, which means charter capital will increase from VND 407 billion (USD 18.17 milliong) to VND1,080 Trillion (USD 48.21 milion), 2.65 times larger than its current charter capital.