DCS issues 1.36m shares to strategic partners at 12,000 dong/share

VNStockNews.com - Dai Chau Joint Stock Co. on November 20 passed the plan of issuing 2,724,478 more shares to existing shareholders and strategic partners to hike chartered capital to nearly 54.490 billion dong.

In details, DCS will issue 1,362,239 shares to the existing shareholders at 10,000 dong per share with the ratio 2:1 and another 1,362,239 shares to strategic shareholders at 12,000 dong/share.

The capital raised from share issue will be used to restructure capital, purchase equipment, invest in furniture manufacturing, and upgrade workshops in 2009.