Vinh Long food processor to issue more shares

VNStockNews.com - Vinh Long Cereal and Food Joint Stock Co will issue 5.2 million additional shares to existing shareholders at a ratio of 1:1.

The cut-off date for participation will be October 7, while the bonus shares will be offered to shareholders between October 8 and October 21.

In issuing the shares, the food processor hopes to raise additional capital and increase its charter capital from VND52 billion (US$2.9 million) to VND104 billion ($5.8 million).