Hai Phong Securities Joint Stock Co (coded HPC)’s shareholders meeting recently passed the plan to offer 14.25 million HPC-coded shares to increase its chartered capital and the development scheme for the fourth quarter of 2007.
Under it, the share offer will be divided into two phases. In the first phase, the company will offer 10.25 million shares, of which 6,281,780 shares were sold already and traded via the Hanoi Securities Transaction Centre HaSTC on November 8 and the remaining of 3,968,220 shares will be offered to the existing shareholders in the second phase. Therefore, the total shares offered in the second phase will be 7,968,220 shares, of which 5,640,890 shares will sold to the existing shareholders at the ratio of one new share for two shares held with the price of 30,000 dong per share and the remaining of 2,327,330 shares of the first phase will be allocated to the strategic partners.
In addition, the shareholders’ meeting also approved the plan to pay at 10% dividend based on the new chartered capital of nearly 112.818 billion dong.
During the first nine months of the year, the company reported gaining 68.114 billion dong from pre tax profit, up 113.5% against the year’s plan. The company also targets to earn a pre tax profit of 26 billion dong in the fourth quarter of this year.