HHC offers 8 million shares to raise capital

[letitgo]

Hải Hà Confectionery JSC (HHC) planned to issue 8.12 million shares worth VNĐ10,000 each between Q2 and Q3 in order to double the current charter capital. HHC said it offered the shares to its existing shareholders at VNĐ11,000 each at the ratio 1:1, adding that the remaining shares, not bought by the shareholders would be sold to other investors at prices not lower than VNĐ 11,000 each.
After the sale, HHC will spend VNĐ90 billion on new confectionery plant spanning more than 48,000 sq.m in VSIP Bắc Ninh Industrial Zone.
Last year HHC earned VNĐ781 billion in revenue and VNĐ34 billion in profit. HHC also planned VND800 billion in revenue this year and a 10 per cent dividend on the new charter capital.
The company would hold its general shareholders meeting on March 26.
On March 18, each HHC closed at VNĐ31,000 in the unlisted market on HNX.

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