VNStockNews.com - Southern bourse-listed Cadovimex Seafood Export Import and Processing Joint Stock Co (coded CAD) will offer eight million shares to the strategic investors to double chartered capital from 80 billion dong to 160 billion dong in Q3, according to the resolution of the company's annual shareholders' meeting recently.
Accordingly, the company's director board will decide the detailed offering price basing on negotiation with partners and reference to the market price.
The capital raised from the share issuance is to strengthen the company's finance capacity, support working capital and invest in Cadovimex 2 Co.
In 2010, CAD targets $60 million of export turnover, 1.2 trillion dong of net revenue and 14.8 billion dong of after tax profit with EPS of 1,500 dong and 15 percent dividend.
Last year, CAD reached $55.53 million of export turnover, 1.03 trillion dong of net revenue and 3.04 billion dong of after tax profit.
