Vinaincon under capitalisation

The prime minister has signed decision No 1437/QD-TTg approving capitalisation plan of the parent company, Vietnam Industrial Construction Corporation (Vinaincon).

According to the plan, the company’s capitalisation would be carried out by selling one of state owned capital and issuing additional shares to raise its chartered capital.

Vinaincon now has 550 billion dong of chartered capital. In the first issuance the company offered 55 million shares with state owned-41.25 million ones (75 percent chartered capital), 4.6679 million for labourers (8.49 percent), 275,000 for union organisation (0.5 percent) and public auction of 8.8071 million (16.01 percent).

Tags: Vietnam mining, Vinaincon

Posted by VBN on Aug 16 2010. Filed under Mining & Metal. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry