Vinpearland to offer shares to existing shareholders

Vinpearland Tourism Joint Stock Co (coded VPL)’s director board on March 25 approved a plan to offer 80 million shares to hike chartered capital to 1.8 trillion dong and pay dividend in shares.

In details, VPL will issue 13 million shares to pay dividend in shares to the existing shareholders at the ratio of 100:13 in Q2 and 67 million remaining shares will be offered to the existing shareholders at the ratio of 100:67.

These shares will be transferred freely.

Total amount of some 800 billion dong being raised from the share issuance will be invested in Royal City project (300 billion dong), 150 billion dong for Green City project and 350 billion dong for Van Lang park project, Vinpearland ecotourism project and Vinpearland golf course and villa project.

 

Category: Stocks