Sao Mai Group to issue more shares

Monday, Jul 20, 2015 08:00

HCM CITY (Biz Hub) — The State Securities Commission has approved Sao Mai Group Joint Stock Corporation (ASM) to issue 112.65 million shares to raise the company's chartered capital and pay dividend at the rate of VND10,000 per share.

Of these, 107.3 million shares will be sold to public investors at a rate of 1:1 while the rest will be paid to the company's shareholders as dividend for last year.

In case the issuance is successful, the company's chartered capital will reach VND2.2 trillion (US$101.85 million). The current capital of the company is nearly VND1.07 trillion ($49.67 million).

This year, ASM plans to issue 221.62 million shares, including the amount mentioned earlier. — VNS

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