TNT issues 11.5m shares to raise capital for new urban area project

The southern bourse-listed Tai Nguyen Joint Stock Corp (coded TNT) has lately submitted application profile to the State Securities Commission (SSC) for issuing additional 11.5 million shares to public in order to raise investment capital for construction project on new urban area in Luong Son Dist, Thanh Hoa province.



Accordingly, the company will issue 10.2 million shares for existing shareholders under ratio of 5:6 at offered price of 10,000 dong per share. At the same time, TNT will also offer 300,000 shares for current employees at 11,000 dong per shares.



In addition, another 1 million shares will be offered to strategic partners at price of 15,000 dong per share.



This year, the company set targets to reach 669 billion dong of revenue and 50 billion dong of profit over new chartered capital of 200 billion dong.

Tags: Vietnam companies

Posted by contractors 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