Colusa-Miliket (CMN) Announces 200% Stock Dividend, Record Date June 12
This Aveluro analysis covers CMN (Lương thực Thực phẩm Colusa - Miliket) in the Food Production sector. The classified event type is dividend announcement, with positive sentiment and a deterministic market-impact score of 4.0/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Doanh nghiệp, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
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Overview
Colusa-Miliket (CMN), the owner of the Miliket instant noodle brand, announced a 200% stock dividend (2 new shares per 1 held) with a record date of June 12, 2026. The issuance will triple the company’s outstanding shares and raise charter capital from VND 48 billion to VND 144 billion. This is one of the largest bonus share issuances on the UPCoM market recently.
Key Facts
- Record date for the stock dividend: June 12, 2026.
- Ratio: 1:2, meaning shareholders receive 2 new shares for every 1 share held.
- Charter capital will increase from VND 48 billion to VND 144 billion.
- Outstanding shares will triple after issuance.
- CMN trades on UPCoM; recent price (June 1, 2026): VND 74,300, volume 2,300 shares.
- 2025 revenue: VND 797 billion (record high, +7.7% YoY).
- 2025 net profit: VND 20 billion (-13% YoY).
What Happened
Colusa-Miliket notified the Vietnam Securities Depository and Clearing Corporation (VSDC) of the record date for a stock dividend issuance from equity sources. The company will issue bonus shares at a 200% rate, i.e., 2 new shares for each existing share held. The move is funded by retained earnings or accumulated funds, as indicated by the company’s filing.
The announcement follows the company’s 2025 annual results, which showed record revenue but declining profitability. The stock dividend is expected to increase liquidity and reward existing shareholders.
Market Context
CMN is listed on UPCoM, a market for unlisted public companies, and has relatively low trading volume (2,300 shares on June 1, 2026). The stock closed at VND 74,300 on that date. The 200% stock dividend is among the highest bonus ratios seen on UPCoM recently, reflecting the company’s strong retained earnings despite a profit dip. The consumer staples sector in Vietnam has been stable, with noodle demand remaining resilient.
Strategic Significance
The large stock dividend signals that Colusa-Miliket has substantial accumulated equity reserves, likely from past retained earnings or revaluation surpluses. By increasing the number of shares, the company may aim to improve stock liquidity and attract a broader investor base. However, the 13% decline in net profit in 2025 warrants attention, as the dilution from the bonus issue will further reduce earnings per share unless profit growth accelerates.
What to Watch
- Post-dividend price adjustment and trading volume on UPCoM.
- Q1 2026 earnings release to assess profit recovery.
- Any further capital-raising plans or dividend policy changes.
- Potential listing upgrade to HOSE or HNX, which could improve liquidity.
- Competitor performance in the instant noodle market (e.g., Masan, Acecook).