Viet Tien garment firm adds $18.7 million to capital

tohang

The Viet Tien Garment Joint Stock Corporation (VGG) has issued 14 million shares converting 1.4 million corporate bonds for VND100,000 each and added VND420 billion (US$18.7 million) to its capital.

HA NOI (Biz Hub) — The Viet Tien Garment Joint Stock Corporation (VGG) has issued 14 million shares converting 1.4 million corporate bonds for VND100,000 each and added VND420 billion (US$18.7 million) to its capital.

Viet Tien has to convert those bonds with a rate of 1:10, which means each bond is worth ten shares. Each bond is valued at around VND640,000 as the company's shares closed at VND64,500 each yesterday.

The bonds which were issued for the company's shareholders at the end of 2012, had a maturity of three years for a yield rate of five per cent and must be converted by the end of February 2016. — VNS

  • Share:

see also

Electricity stocks poised for growth following latest law revision

Electricity stocks poised for growth following latest law revision

One of the major highlights of the amended Electricity Law is the emphasis on market-driven pricing mechanisms for electricity sales, with state regulation to ensure fair competition. 
Market declines for the third consecutive session

Market declines for the third consecutive session

Market breadth remained negative, with 182 stocks falling, 117 gaining, and 62 remaining unchanged. Liquidity ped slightly, reaching VNĐ13.5 trillion (US$530.8 million), down 11.7 per cent compared to the previous session.
VPBankS to distribute SSI Asset Management mutual funds

VPBankS to distribute SSI Asset Management mutual funds

VPBank Securities Joint Stock Company (VPBankS) will distribute mutual funds managed by SSI Asset Management Company Limited following an agreement they signed on December 9.
Tech stocks surge amid market uncertainty in Nov

Tech stocks surge amid market uncertainty in Nov

Việt Nam’s IT sector is entering a golden period, supported by FDI inflows, favourable trade policies and a rapidly growing domestic market. 
Market continues slight correction as VN-Index slips below 1,270 points

Market continues slight correction as VN-Index slips below 1,270 points

Market breadth was negative, with 183 stocks declining, 120 advancing, and 62 remaining unchanged. Liquidity saw a modest uptick, reaching VNĐ15.3 trillion (US$602.9 million), up 6.2 per cent from the previous session.