Vietnam securities brokerage Haseco said on Tuesday June 19 it aimed to raise up to 350 billion dong (US$22 million) by selling 14.25 million new shares next month. Haseco, which has a chartered capital of 50 billion dong, would sell five million of the shares to existing shareholders at share par of 10,000 dong, Chair Vu Duong Hien said in a statement.
Another five million shares would be sold to strategic investors at a price not lower than 86,000 dong per share.
Employees of the Hai Phong-based brokerage will be entitled to buy 250,000 shares at a price not higher than those sold to strategic investors. The timing of the sale of the remaining four million shares would be decided later depending on market demand, Hien said.
Haseco shares ended 0.85% down on Tuesday June 19 at 156,500 dong (US$9.7o) on the Hanoi OTC market, valuing the firm at US$48.5 million.