SRF plans to buy maximum 30pct of treasury shares

Seaprodex Refrigeration Industry Corp (SRF) has recently announced the resolution of its annual general meeting (AGM) whereby shareholders agreed to buy more SRF shares in circulation as treasury shares at the ratio of not exceeding 30 percent of the total volume of listed SRF shares.

SRF now has 8.13 million listed shares on the stock market. Thus, SRF will buy maximum 2.44 million shares. At the closing price on July 17 at 24,000 dong per unit, SRF will need about 60 billion dong for this fund share purchase.

As of March 31, 2012, SRF’s share capital surplus was 188.7 billion dong.

 

Category: Stocks