Cement producer offers 3m shares at a ratio of 1:2

The northern bourse-listed Song Da Yaly Cement Joint Stock Co (coded SDY) announced July 12 would be the ex-dividend session and July 14 of registration deadline to close the shareholders list for issuing additional shares for existing shareholders.

In details, SDY would issue three million shares for existing shareholders at a ratio of 1:2 at offered price of 10,000 dong per share. The unsold shares will be distributed for other subjects with offered price of no less than the price to be applied for existing shareholders.

The buying warrants can be transferred within the period of July 28 to August 20. The shareholders can register and make deposit within the period of July 28 to August 24.

After this share issuance, the company’s chartered capital will be increased from 15 billion dong to 45 billion dong.

Tags: Song Da Yaly Cement, vietnam stock, Vietnam stock market

Posted by VBN on Jul 6 2010. Filed under Cement. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry