PVR reports use of proceeds from share issuance

PetroVietnam Premier Recreation Joint Stock Co (HNX-listed PVR) has lately reported the capital usage situation from the share issuance that took place in 2010. Previously, the company had issued additional shares to hike chartered capital from 300 billion dong to 600 billion dong.

In details, the company issued successfully over 23.1 million shares, accounting for 77 percent of the registered share volume. After deducting the concerning costs, the company gained about 243 billion dong, of which capital surplus was posted at 11.89 billion dong.

However, up to June 18, 2012, PVR spent about 278 billion dong for five projects including Tan Vien high-class tourism complex of 14 billion dong, Ha Long-Quang Ninh trade centre of 17.9 billion dong, CT15-Viet Hung apartment blocks of 64.9 billion dong. In addition, the company also cooperated with Vinh Hung House Trading Co Ltd for building Duminium-Vinh Hung project with contract value of 34.6 billion dong and joined the building project CT10-11 Van Phu apartment complex worth 131.57 billion dong.

PVR reported spending 15 billion dong on supplementing its working capital.

 

Category: Business