KBC aims to clear all debts

Thursday, Oct 09, 2014 10:46

BAC NINH (Biz Hub) — Property developer Kinh Bac (KBC) plans to sell 120 million shares at a minimum price of VND15,000 (US$0.7) each and convertible bonds worth VND1.2 trillion ($56.6 million).

The company said it expected to earn at least VND3 trillion ($141.5 million) from the plan to pay all of its debts and invest in industrial zones. — VNS

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