VNStockNews.com - Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) announced the 2009 capital increase plan from the current over 12.1 trillion dong to nearly 13.224 trillion dong through issuing more shares.
Share buying warrant of shareholders can be transferred or rejected.
Total additionally offered share volume is 112,295,983 equalling to the bank's 9.28 percent stake.
Each shareholder keeping 100 shares at the issue time will have the right to buy extra 9.28 new shares at 10,000 dong/share.
The capital surplus from the share offering will be used to invest in infrastructure, technology and human resources (323 billion dong), enhancing short, medium and long term loans (500 billion dong), increasing investment in joint ventures (300 billion dong).
Yesterday VCB soared by 400 dong to 50,000 dong per share.
Nov 12, 2009
Vietcombank plans to offer 112.3m shares to existing shareholders
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