Hai Phong securities broker hike capital to nearly 200b dong

09-Nov-2007 Intellasia | Tin Nhanh chung Khoan | 5:59 AM

After the first capital increase from 50 billion dong to 112 billion dong, Hai Phong Securities Co (Haseco) recently decided to issue more shares for the second phase to raise capital to nearly 200 billion dong.

Haseco will offer 5,640,890 shares to existing shareholders at a ratio of 2:1 with a price of 30,000 dong each. The remaining 2,327,33 shares will be sold to strategic partners. And the company will also offer a part of additionally issued shares to employees.

In addition, the broker agreed to pay a 10% dividend for the second phase of 2007 to shareholders.

Last month Haseco posted pre-tax profit of 15.1 billion dong, bringing the total figure to 68.11 billion dong.