VNM plans to offer 278m bonus shares

03-Aug-2012 Intellasia | Vietstock | FFN | 1:38 PM

Southern bourse-listed Vietnam Dairy Products Joint Stock Co (Vinamilk-coded VNM) has said that it plans to seek approval from the shareholders’ meting to issue maximum 278,057,377 bonus shares at the ratio of 2:1 to the shareholders.

The share issuance is scheduled between December 2012 and January 2013.

If the share issuance is successful, the total volume of VNM-coded shares in circulation will increase more than 556 million units to over 834 million units.

It is expected that August 23, 2012 will be the registration deadline to ask for a shareholders’ opinion on issuing and listing bonus shares.