VNStockNews.com - Shareholders' meeting of Duc Long Group Joint Stock Co (coded DLG) recently agreed to issue 2.134 million convertible bonds worth 213.4 billion dong to support the company's working capital and restructure the capital source towards enhancing the finance lever.
Accordingly, DLG bonds will be issued in Q4 for the existing shareholders at the ratio of 3:0.22 and the offering price equalling to the face value of 100,000 dong per bond.
The two year bonds will have the coupon rate of 13 percent pa and the conversion ratio into share will be 1:10 (10 shares for one bond).
