The HCM City Infrastructure Investment Joint Stock Company (CII) wants to offload 35.3 million treasury shares for at least VND32,650 (US$1.40) per share.
Management board of HCM City Infrastructure Investment JSC (CII) has approved the plans of issuing total VND1.2 trillion (US$52.6 million) worth of corporate bonds.
HCM City Infrastructure Investment JSC (CII) has removed the
property development unit from the company''s portfolio to raise the
limit of foreign ownership to 70 per cent.
According to the HCM City People''s Committee, the investment budget for
road traffic projects in the next five years will be VND124 trillion
(US$5.5 billion) tripling the amount in the period of 2011-2015.
The HCM City Infrastructure Investment Joint Stock Company (CII) and the
city''s People''s Committee broke ground for a project to develop
infrastructure in a residential area located in the northern section of
Thu Thiem Peninsula in HCM City''s District 2 on Saturday.
The HCM Stock Exchange (HOSE) yesterday announced
that foreign ownership in the HCM City Infrastructure Investment Joint
Stock Company (CII) would be reduced from 42.68 per cent to 37.83 per
cent from May 21.
The HCM City Infrastructure Investment Joint Stock Company (CII) sold 30
million shares of CII Bridge and Road (CCI B&R) to the Manila-based
Metro Pacific Investments Corporation on January 14.