The Construction Development & Investment Joint Stock Corp (coded DIG) has approved a plan for issuing corporate bonds and investing in Phu Rieng Katie Rubber Joint Stock Co.
In details, the corporation will issue 1.5 trillion-dong inconvertible bonds with terms of three years, from 2010 to 2013 in order to raise investment capital for two projects of Dai Phuoc and South Vinh Yen.
At the same time, the company’s management board also passed the capital contribution plan in Phu Rieng Katie Rubber Joint Stock Co with chartered capital of 400 billion dong. DIC Corp planned to contribute 20 billion dong. At present, the rubber producer has carried out the rubber plantation project in Cambodia.