Long Hau JSC to offer 5m shares at no lower than 25000 dong/share

Long Hau Joint Stock Co (LHG) has recently announced the resolution of the shareholders’ meeting on September 30 on issuing more shares to increase chartered capital from 200 billion dong to 320 billion dong under the plan approved by the shareholders’ meeting.
Accordingly, the company will offer six million bonus shares to the existing shareholders at the ratio of 30%, one million shares under the Employee Stock Ownership Plan (ESOP) to the key staff priced at par value. These shares will be limited for transferring for three years.
In addition, the company will issue five million shares under the odd method to the strategic partners. The offering price will not lower than 25,000 dong each.
The proceeds from the share issuance will be invested in Long Hau 4 Industrial Zone project.
Ending the trading session on September 30, LHG closed at 40,100 dong per share.”-Source:Vietbiz24.com”

Tags: Long Hau Joint Stock Co (LHG), the Employee Stock Ownership Plan (ESOP), the shareholders’ meeting

Posted by quynhdn on Oct 2 2011. Filed under Markets, Trade. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry