The management board of Sai Dong Urban Investment and Development Joint Stock Co (UPCoM-listed SDI) has recently approved for issuing corporate bonds to supplement working capital for the company’s business activities.
In details, the company plans to issue asset-guaranteed corporate bonds worth 2 trillion dong with face value of 1 billion dong per bond. The bonds would have terms of three years, and coupon rates to be decided at the issuance time.
The bond issuance is supposed to be conducted within this month.
On June 22, SDI closed the shareholders list for issuing additional shares so as to hike chartered capital to 1.2 trillion dong. Accordingly, the company would issue additional 70 million shares under applied ratio of 5:7, with offering price of 10,000 dong per share. The shareholders can register and make deposit for purchasing new shares within the period of from June 29 to July 20, 2012.
The raised capital would be used for making investment in Vincom Village ecological urban area.
This year, SDI expected to reach whole year net revenue of 8.252 trillion dong and after tax profit of 2.677 trillion dong.