Construction firm No 9 earns 40b dong from share issuance

Construction Joint Stock Co No 9 (VC9) has recently announced earning a net income of 40.12 billion dong from the share issuance to hike the company’s chartered capital to 120 billion dong.

In details, the company allocated 4 million shares including 3,772,632 shares for the existing shareholders priced at par (10,000 dong per share) and 227,368 remaining shares for other investors priced at 10,500 dong per share. The duration of share issuance was from January 19 to March 11.

Ending the share issuing, VC9 earned 40.12 billion dong and scale up its chartered capital from 80 billion dong to 120 billion dong.

Currently, its founding shareholder holds 75.31 percent stake and majority shareholder namely Vietnam Construction and Export Import Joint Stock Corp (Vinaconex-VCG) holds 54.33 percent, equaling to 6,519,825 shares.

Tags: Vietnam business

Posted by trhowell on Mar 14 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry