VNStockNews.com - Song Da Petro Investment and Trading Joint Stock Co (HNX-listed SDP) released the resolution approved in the company's extraordinary shareholders meeting in 2010, of which the company planned to issue 7 million shares in order to raise chartered capital from 80 billion dong to 150 billion dong.
In details, the company planned to offer 4 million shares for existing shareholders with ratio of 2:1 and offered price of 12,000 dong per share. The rest 3 million shares will be offered for the company's partners at 15,000 dong per share.
The company expected to earn total amount of 93 billion dong from this share issuance. SDP will invest 60 billion dong in Vinh Thanh residential quarter in Nhon Trach Dist, Dong Nai province, 8 billion dong for expanding the production lines for grinding stones in Phu Man, Quoc Oai Dist, Hanoi and the rest 25 billion dong for supplementing the working capital.
