Vimedimex seeks approval for offering over 11.8m shares

Vimedimex Medical and Pharmaceutical Joint Stock Co (coded VMD) has lately released the content of 2011 business plans to be submitted in the annual shareholders meeting to be held on April 22, 2011.



This year, Vimedimex planned to reach total after tax profit of 30.66 billion dong, increasing by 32.67 percent against that of 2010 at 23.11 billion dong. The company planned to pay dividend at 20 percent.



In addition, VMD planned to seek approval among the shareholders for issuing 11.86 million shares in order to raise chartered capital from 81.41 billion dong to 200 billion dong via offering new shares.



Accordingly, the company would offer 8,141,196 shares at price of 15,000 dong per share to existing shareholders under ratio of 1:1, and 407,058 shares for current employees at the same price.

Tags: Vietnam business, Vietnam business news

Posted by VBN on Apr 5 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