Vietnam cement firm to raise cap to VND97.58B by share issue

Vietnam cement firm to raise cap to VND97.58B by share issue
Published: 16 November 2009

The State Securities Commission has allowed Sai Son Cement Joint Stock Company (SCJ) to issue 4.998M new shares to raise its registered capital to VND97.58 billion ($5.46 million).

Of the amount, the firm will issue 1.904 million bonus shares to shareholders at 2-for-5 ratio, the company said on its website

SCJ will also sell 2.856 million shares to shareholders at 3-for-5 ratio at VND20,000 each and 238,000 shares to employees at VND22,000.

The record date is from November 19-22.

The cement firm, listed on the Hanoi Stock Exchange, made a net profit VND32.62 billion on revenues of VND202.94 billion in Jan-Sept, and expects the figures at VND30.63 billion and VND283.4 billion this year, respectively.