Hapaco to offer shares at par

18-Jan-2011 Intellasia | HAP | 8:36 PM Print This Post

The resolution from annual shareholders’ meeting of Hapaco Group Joint Stock Co (coded HAP) recently agreed to adjust the plan of offering more shares.

Accordingly, the company would issue 9.3 million shares at the ratio of 2:1 and priced at par (10,000 dong per share), 930,000 shares will be sold to the company’s employees priced at 10,000 dong per share and five million shares for the existing shareholders at the price of not lower than 12,000 dong per share. The shares will be limited for transferring for one year.

The company expects to raise about 162.5 billion dong from the share issuance to support its international maternity hospital project.


Category: Stocks

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