Hoa Sen Group registers for purchasing 2m shares


The management board of Hoa Sen Group Joint Stock Co (coded HSG) announced to purchase 2 million HSG-coded shares at maximum as fund shares, using the company’s capital surplus. The transactions were expected to last for 90 days, starting from the date when Hochiminh Stock Exchange (STC) approves the proposal.



The buying price was calculated on the basic of market price.



Closing the March 8 session, HSG-coded share price stood at 14,700 dong per share. Therefore, the company will need to spend about 29.4 billion dong for purchasing the fund shares.



According to the audited financial reports for fiscal year of 2009-2010, the company has current capital surplus of 451.543 billion dong, up to Sep 30, 2010.

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Posted by VBN on Mar 11 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

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