Dohaco plans to hike chartered capital

Dong Hai Ben Tre Joint Stock Co (coded DHC) announced to submit the plan of raising chartered capital to 195 billion dong in the coming annual shareholders meeting.



Accordingly, the company will issue additional 4,499,972 shares for existing shareholders under the ratio of 10:3 with offered price of 10,000 dong per share.



The company will start the share issuance as soon as receiving approval from the state securities commission. Therefore, the chartered capital will be increased from 150 billion dong to 195 billion dong.



DHC planned to use the raised capital for supplementing its working capital, restructuring the ownership capital and loans from bank in order to obtain the company’s production scale.

In 2011, the parent company targeted to reach revenue of 369.6 billion dong, after tax profit of 28.19 billion dong.

Tags: Vietnam business, Vietnam stock news

Posted by VBN on Mar 29 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