-
25-09-2017, 09:25 AM #1CharlesNese Guest
In October Đông Hải Bến Tre Joint Stock Company (DHC) will issue nearly nine million shares to raise VNĐ130 billion (US$5.73 million).
It will issue 5.2 million of the shares to existing shareholders at a price of VNĐ18,000. The money raised through the issuance will be used for the second phase of the Giao Long Paper Plant. DHC will also issue 1.2 million shares under the employee stock ownership plan (ESOP) and 2.6 million shares will be issued to mobilise capital for paying dividends.
The HCMC Infrastructure Investment Joint Stock Company (CII) recently held an extraordinary general meeting to get shareholders’ approval for selling more than 123 million shares to existing shareholders at par in the fourth quarter of this year. The company expects to raise VNĐ1.23 trillion ($54.23 million) through the exercise.
The meeting also approved a proposal to sell 17.7 million shares to Rhinos Asset Management Fund at a price of VNĐ24,490 per share to raise an estimated VNĐ434 billion.
CII needs large sums of money for several build-operation-transfer projects it has lined up, like the Hà Nội Express Way, 152 Điện Biên Phủ Express Way and projects in the Thủ Thiêm New Urban Area in HCM City.
Analysts said the economy was showing signs of recovery in addition to positive moves by the stock market this year, which was encouraging many enterprises to hit the market to mobilise funds.
They said the stock market had been one of the most popular avenues for enterprises to raise capital in recent years, but it was not really working any longer.
They routinely faced difficulties with rights issues, and after failing to persuade existing shareholders to subscribe, offered the shares to strategic partners. But that had not been proving easy either due to various reasons.
Some enterprises tried to issue shares to debtors to convert their debt into equity, but faced the same problem as with rights issues.View more random threads:
- Oil price cut heads off stock selloff
- TAS: TAS’s Operations Ceased on HOSE
- FPT: Report on outstanding shares
- DTT: Decision on putting DTT under control
- VNM: Receiving contribution capital in the Vietnam F&N Foods
- Vinamilk raises stake in New Zealand's Miraka Company
- VN-Index sees small rise as most blue-chips slump
- Hoa Phat Group sets up new agricultural firm
- Market opens week on low note
- VN-Index jumps to over-one-year high
Các Chủ đề tương tự
-
TAC to increase capital by issuing more shares
Bởi minhthuy53 trong diễn đàn STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 21-12-2016, 11:27 AM -
STB: Sacombank finishes issuing new shares to key staff
Bởi imported_buidungbds trong diễn đàn STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 05-07-2013, 11:44 AM -
VDL: Issuing shares to pay dividend and increasing stock capital
Bởi coikho10 trong diễn đàn STOCKs TRADING IN HNXTrả lời: 0Bài viết cuối: 07-01-2013, 08:40 AM -
VNM: Vinamilk to consult shareholders about issuing bonus shares
Bởi trong diễn đàn STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 09-08-2012, 12:20 PM -
Issuing additional shares? Businesses should seek new investors
Bởi trong diễn đàn STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 19-01-2009, 08:10 AM
Bất chấp những lầm tưởng phổ quát, hồ hết những người có âm đạo đều khó lên đỉnh khi bị kích thích âm đạo. Tuy nhiên, điều đó không có tức là nó không thể vui được! Việc thâm nhập vào âm đạo bằng...
Phái đẹp giải tỏa bằng việc kích...