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Published on Thursday, 18 June 2009

Vinausteel Dividend

Vinausteel Dividend

A.C.N. 063 656 333

A.B.N. 64 063 656 333

 

VIETNAM INDUSTRIAL INVESTMENTS LIMITED

18 June 2009

Company Announcements Office
ASX Limited
Exchange Plaza
2 The Esplanade
PERTH WA 6000

Dear Sirs

VINAUSTEEL DIVIDEND
 

The Board of Vietnam Industrial Investments Limited (VII or the Company) is please to advise that Vinausteel Ltd, a 70% owned subsidiary, has declared a dividend of VND70 billion (A$5.1 million) of which the share attributable to the Company is VND49 billion (A$3.6 million). These funds are expected to be remitted to the Company before 30 June 2009.

At this point, the Board consider it prudent, in the current circumstances in Vietnam, to hold the funds in Australia in order to preserve working capital and foreign currency exposures for the Vietnam operations.

Yours faithfully,

 

HENRY LAM
Managing Director (Vietnam Operations)

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