TRA offers to buy 38.17pct of Traphaco CNC

Traphaco Joint Stock Co (coded TRA) announced to buy 1,338,900 shares, or 38.17 percent of total stake of Traphaco Hi-tech Joint Stock Co (Traphaco CNC) at price of 45,000 dong per share, starting from Sep 20 to October 20, 2011.

At present, the company has kept 450,000 shares in Traphaco Hi-tech JSC, equivalent to 12.83 percent of total chartered capital.

If the transactions end successfully, TRA will hold 1,788,900 shares in Traphaco CNC, counting for 51 percent of chartered capital. Traphaco CNC has chartered capital of 35 billion dong, with head office located in Tan Quang Commune, Van Lam Dist, Hung Yen province.

 

Category: Stocks