LCS to issue 1.6m shares to merge with Licogi 16.9

24-May-2012 Intellasia | Vietstock | 11:09 AM Print This Post

The management board of Licogi 16.6 Joint Stock Co (coded LCS) has approved for issuing additional shares to swap with the shares of Licogi 16.9 Joint Stock Co.

In details, the company would issue 1.6 million shares to swap 2.5 million shares of Licogi 16.9 at a ratio of 1:0.64.

Licogi 16.9 has chartered capital of 36 billion dong. By the end of 2011, the company reported gaining 36 million dong in after tax profit, equivalent to 1 percent of that of 2010.



Category: Stocks

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