Vincom issues extra 160m shares to raise chartered capital

VNStockNews.com - Vincom Joint Stock Co (coded VIC) has passed a plan to raise capital to 3.6 trillion dong by offering 160,300,672 million ordinary shares (paying dividend in shares and selling to existing shareholders).

In 2009, VIC earned about 1.2 trillion dong in profit. In Q1 and Q2 this year, VIC will share the 2009 dividend in shares at ratio 1,000:601 (601 new shares for 1,000 old shares).

Also, the company will sell 400 billion dong of shares to the existing shareholders at a ratio 1,000:202 with the price of 10,000 dong per share.

With the additionally increased capital of 1.6 trillion dong, VIC will use 700 billion dong for Eden real estate project in HCM City, 900 billion dong for the projects of ECO City in Hanoi, Royal City at 74 Nguyen Trai St and others in Hanoi.

Between February 24 and 26, VIC will seek shareholders' approval in document on the sharing of dividend in shares and the offering plan.

Hochiminh Stock Exchange (HOSE) also announced that the ex-interest date of VIC is February 5, 2010.