Vinaconex 34 to offer shares to existing shareholders

Vinaconex 34 Joint Stock Co’s director board has recently agreed to offer more shares to double chartered capital from 20 billion dong to 40 billion dong.

Accordingly, the company will issue two million shares priced at 10,000 dong per share to the existing shareholders, worth 20 billion dong.

Of which, 1.5 million shares will be sold to the existing shareholders at the ratio of 1:0.75 (shareholders holding one share will have right to buy 0.75 new share), 100,000 shares will be allocated to the company’s employees and 400,000 shares will be offered to the company’s strategic investors.

The share issuance is planned in Q2.

Vinaconex 34 plans to list its shares on Hanoi Stock Exchange (HNX) in Q3.

 

Category: Stocks