North Kinh Do Food Processing Joint Stock Co announced to issue two million shares with an initial price of 32,000 dong per share at 10,000 dong at par share. Bao Viet Securities Co (BVSC) will underwrite the issue with the underwriting price of 34,000 dong per share.
North Kinh Do Food Processing Joint Stock Co has chartered capital of 50 billion dong equal to five million shares.
The company expects to issue 1.5 million shares to existing shareholders with the price of 32,000 dong per share, company employees 300,000 shares 23,800 dong per share and strategic partners 200,000 share 35,000 dong per shares. The company expects to raise 62 billion dong from the issue.