Central Pharmaceutical Joint Stock Company 3 (DP3), or Foripharm, will issue 12.9 million bonus shares to raise charter capital from equity in 2023, according to information from the Ha Noi Stock Exchange (HNX).

On July 12, DP3 will issue those 12.9 million shares with an issue ratio of 100:150. With this ratio, stockholders who currently own 100 shares will get 150 additional shares.

It is expected that after this issuance, DP3 will increase its charter capital from VND86 billion (US$3.6 million) to VND215 billion (US$9.1 million). The source of the issuance comes from the share capital surplus, at nearly VND97.7 billion, and the undistributed profit after tax for 2022 of VND194.5 billion.

The shares issued in this round will not be subject to transfer restrictions.

Central Pharmaceutical Joint Stock Corporation 3 (DP3) sells medicinal products such as medicinal herbs, pharmaceutical medications, and health food. DP3 makes many well-known pharmaceutical products, including Bo phe TW3, Cao Sao Vang, and others.

DP3 is known for maintaining high and consistent cash dividends every year. In July, shareholders of DP3 will also receive an advance cash dividend of 2022, with a ratio of 80 per cent, or VND8,000 per share.

On the stock market, DP3 stock has gained significantly since late May. It is currently trading at around VND150,000 per share. — VNS