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Tien Phong Plastic Joint Stock Company (Tien Phong Plastic, ticker NTP, listed on the Hanoi Stock Exchange) has approved a plan to issue shares to pay the 2025 dividend to shareholders. The company will issue more than 34.2 million shares at a rate of 20%, equivalent to shareholders receiving 2 additional shares for every 10 shares held.
The total par value of the share issuance is more than VND 342 billion, funded from undistributed profits on the company’s standalone financial statements for 2025. The issuance is expected to be carried out in 2026, after the State Securities Commission receives complete documentation of the company’s issuance report.
If the share issuance is successful, charter capital is expected to increase from over VND 1,710 billion to over VND 2,052 billion.
Previously, Tien Phong Plastic approved paying the second cash dividend for 2025 at 15%. Under this plan, a shareholder holding 1 share would receive VND 1,500.
On January 20, 2026, the company paid nearly VND 256.6 billion as an advance dividend for 2025 at 15%, also meaning a shareholder holding 1 share received VND 1,500. The board of directors assigned management to direct relevant units to implement the plan, with the aim of ensuring shareholders receive the dividend in Q2 2026.
The 2025 dividend payout plans were approved by shareholders at the 2026 Annual General Meeting held on April 28, 2026.
At the same meeting, shareholders approved the 2026 business plan, including projected product revenue of VND 7,330 billion, expected sales volume of 148,000 tons, and pretax profit of around VND 900 billion.
For investment, the company plans to spend more than VND 398.8 billion on new machinery and equipment, more than VND 64.5 billion on basic construction, and VND 5 billion for other reserves.
Shareholders also approved 2026 remuneration for the Board of Directors totaling VND 6 billion. In addition, the meeting approved a 20% bonus to the Board for exceeding the 2026 profit plan, with the absolute amount capped at no more than VND 3 billion in cases where both revenue and profit exceed the plan.
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