VNStockNews.com - Network Infrastructure Services Joint Stock Co (NIS)'s annual general meeting (AGM) recently agreed a plan to hike chartered capital to 80 billion dong via offering more shares to the public.
Accordingly, the company will issue five million shares to scale up its chartered capital from 30 billion dong to 50 billion dong, including four million shares priced at par (10,000 dong per share) for Thien Viet Ltd Co.
Then, NIS will issue one million shares priced at no lower than 10,000 dong per share for the strategic partners. The common shares will be limited for transferring for one year.
The share issuance is scheduled in Q3 or Q4 this year after getting approval from the State Securities Commission (SSC).
Reportedly, NIS-coded shares are being traded around 9,500-10,800 dong per share.
The proceeds from the share issuance will be used to buy back the business segment of network coverage infrastructure at buildings of Thien Viet Ltd Co and add the company's working capital.
In 2011, NIS targets to bring 40 billion dong in revenue, pre-tax profit at 6.5 billion dong and 10-12 percent dividend payout.
