Vincom Joint Stock Co (coded VIC) has announced that in a shareholders meeting held recently, the company has approved to raise the investment capital for the construction project of high-class complex of apartments and offices for lease, five-star hotel, trade centre and underground parking area that is located on the golden land plot of Dong Khoi St, Dist 1, HCM City from 4.5 trillion dong (at the time of receiving investment license in October 2007) to over 6.389 trillion dong in Sep 2008 and up to 8.4 trillion dong in May 2009.
The company's shareholders also approved the resolution of 2008 dividend payment, in which the company would pay in advance 2008 dividend at the rate of 5 percent over the company's current chartered capital of 1.199 trillion dong, equal to 500 dong per share with par value of 10,000 dong.
In related news, Vincom Joint Stock Co plans to issue more than 80 million shares on the stock market.
The registration deadline for VIC to close the list of shareholders to offer 80,016,844 shares for the company's existing shareholders would be July 6. The applied rate would be posted at 100:73 or each which means that a shareholder that owns 100 shares would be eligible to purchase 73 new shares with par value of 10,000 dong per share.
The remaining unsold shares would be distributed by the company's members of management board to the outside investors under the condition that the offered price would be higher than the price applied for the existing shareholders.
The registration and deposit payment period for purchasing shares would be from July 17 to August 14.
The expected transaction date is August 28, 2009.
The Securities Depository Centre – HCM Branch will temporarily cease to receive VIC deposited shares on July 3, 6 and 7.
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