Asia Cuong Minerals Group Corporation (stock code ACM) has just announced to postpone the first dividend payment for 2015 to shareholders until the end of June 2025 instead of June this year as previously announced. This means that the company's shareholders will have to wait another year to receive the 2015 dividend and in total, after a decade, shareholders are still waiting for dividends.
According to information from the company, the reason for this adjustment is due to the impact of the Covid-19 outbreak since 2020 and the company's production activities being stagnant and facing many difficulties. As of 2023, the company still has accumulated losses, making the financial resources insufficient to pay dividends on time. A Cuong Minerals has closed the list of shareholders to pay the first dividend of 2015 in cash since June 20, 2016 at a rate of 2.5% (equivalent to 250 VND per share). In terms of business results, the company continued to lose nearly 3 billion VND in the first quarter of 2024, increasing the accumulated loss to more than 171 billion VND...
Shareholders of many businesses have been waiting for a decade without receiving dividends.
Similarly, previously, Licogi Quang Ngai Joint Stock Company (stock code LQN) also announced to postpone the payment of the 2nd cash dividend of 2015 to September 30, 2025, instead of the payment date of the end of September 2023 as previously announced. This means that LQN has postponed the dividend payment for another 2 years and this is the 6th extension of the company, corresponding to nearly 10 years before shareholders can receive the 2015 dividend. According to the announcement, the company said it has tried to work with partners to have money, but due to the prolonged difficult situation, the expected receivables from partners are not as expected, and it needs more time to balance the cash source.
Or Song Da Industrial Park and Development Investment Joint Stock Company (stock code SJS) announced to postpone the payment of cash dividends for the years 2016 - 2017 from the end of June 2023 to the end of 2024 due to the financial situation being difficult, the company has not arranged the source of money. Up to now, this enterprise has requested to defer the 2016 dividend payment 7 times and according to the new deadline, it will be nearly 10 years before shareholders can receive the money.
Shareholders of Song Da 6 Joint Stock Company (stock code SD6) are also in a state of fatigue waiting for dividends after nearly 10 years. Specifically, the remaining dividend of 2015 is 5% and the first installment of 2016 with a rate of 5% will be paid at the end of 2024 instead of the end of 2023 when the company has not arranged money to pay shareholders...
Most businesses that have delayed dividend payments many times are having difficulties in business and are losing money, so they do not have enough money to pay dividends.
Source: https://thanhnien.vn/co-dong-nhieu-doanh-nghiep-lai-mon-moi-cho-co-tuc-sau-ca-thap-ky-185240702142523949.htm
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