Casumina to raise capital to over VNĐ1 trillion

tohang

Southern Rubber Industry JSC, or Casumina (CSM), planned to issue 29.6 million bonus shares to increase its charter capital as of June 6.

Casumina plans to issue 29.6 million bonus shares to increase its charter capital. — Photo cafef.vn

HA NOI (Biz Hub) — Southern Rubber Industry JSC, or Casumina (CSM), planned to issue 29.6 million bonus shares to increase its charter capital as of June 6.

The shares worth VND10,000 (US$0.43) each will be issued to shareholders. After the issuance, HCM City-based Casumina would have another VND296 billion in charter capital, which will rise in value to over VND1 trillion.

The firm's largest shareholder, Viet Nam National Chemical Group (Vinachem), which now owns over 51 per cent of stakes, will have another 15.1 million shares. At the current VND32,700, Vinachem will get nearly VND500 billion.

Established in 1976, CSM is now among the leading producers of rubber tyre products in Viet Nam. It earns 63 per cent of revenue from local trading, 25 per cent from exporting for the regional and international market and the rest from other trading activities. — VNS

  • Share:

see also

Stock market continues to consolidate amid cautious sentiment

Stock market continues to consolidate amid cautious sentiment

The VN-Index remained largely sideways during the first three sessions of the week, facing significant selling pressure on Thursday (December 19), while staging a modest recovery in the final trading session.
SSC strengthens role in mobilising medium and long-term capital

SSC strengthens role in mobilising medium and long-term capital

Strategic efforts in legal framework development, market supervision and technological modernisation played a key role in maintaining stability and investor confidence in 2024.
Market tumbles as liquidity surges

Market tumbles as liquidity surges

Market breadth was overwhelmingly negative, with 244 stocks declining compared to just 71 advancing. Trading value on the southern bourse rose sharply to VNĐ17.8 trillion (approximately US$698.9 million), marking a 40.1 per cent increase from the previous session.
Tasco to issue 179 million shares for subsidiary investments

Tasco to issue 179 million shares for subsidiary investments

The offering is expected to raise VNĐ1.78 trillion, which will be invested in subsidiaries, including Tasco Auto, Tasco Insurance  and VETC JSC.
A year-end surge in property bond issuance amid financial challenges

A year-end surge in property bond issuance amid financial challenges

The trend underscores a sector grappling with financial challenges, while seeking innovative ways to restructure debts, ensure liquidity and stabilise operations in a volatile market.