C21 to raise chartered capital to 135b dong

Twenty First Century Joint Stock Co (C21) under the consultancy of Bao Viet Securities Co is finalising the application to ask authorities' permission to issue 1.5 million shares to increase the chartered capital from 100 billion dong to 115 billion dong in the last quarter of 2008. The issue price is estimated at 25,000 dong per share.

Right after that, the company will offer another two million shares to strategic partners and small investors to reach the capital of 135 billion dong.

Along with the available projects, C21 will have new projects including an office and apartment building with total area of 7,480 square metres at No 528 Huynh Tan Phat St in HCM City's Dist 7 and total cost of 440 billion dong, a 16.1 hectare Phuoc Long B resident area worth 400 billion dong in Dist 9, Bai Dai Cam Ranh five star hotel project in Khanh Hoa province and Ho Song May tourism site project in Dong Nai province.