Vietnam international securities broker to offer 10m shares to public

Vietnam International Securities Joint Stock Co (VIS) has recently announced to offer shares to the public with an expectation of raising about 100 billion dong from this share issuance.



The share issue is to support the fixed assets, invest in technology, develop new products, and increase the competition capacity. In addition, VIS will also use this capital source to support its securities self trading activities, stake purchase, and provide more services relating to the securities sector to the customers.



In details, VIS will offer 10 million shares, of which 9.3 million shares will be offered to the existing shareholders at the ratio of 1,000:465 (shareholder holds one share will receive one buying warrants, 1,000 buying warrants will be allowed to buy 465 new shares priced at 10,000 dong per share).



In addition, the company will issue 700,000 shares to the company’s employees and key staff.



Reportedly, the offering price to the existing shareholders will be 10,000 dong per share and it will be 11,000 dong per share to the company’s employees and key staff.

Tags: Vietnam companies, Vietnam stock news

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