Home Companies Capital Increase - M&A

Ha Tien 1 Cement issues new shares to reduce debt, Vietnam

Jan 3rd at 10:29
03-01-2014 10:29:35+07:00

Ha Tien 1 Cement issues new shares to reduce debt, Vietnam

Ha Tien 1 Cement JSC (HT1) has completed the issuance of 120m new shares in a private placement to Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer.

HT1, listed on the Ho Chi Minh stock exchange, sold the shares at VND10,000 each, according to a statement sent to the bourse. The company added that the sale is aimed to reduce its debt incurred with Vicem.

After the issuance, Vicem raised its holding in HT1 to 79.69 per cent, equal to 253.42 million shares, from the earlier 67.38 per cent.

cemnet

MOST READ

NEWS SAME CATEGORY

Seed company issues shares to raise capital
CAPITAL INCREASE - M&A Dec 10th at 10:07

Seed company issues shares to raise capital

National Seed Company (NSC) will issue over 5 million shares to increase its charter capital from VND100 billion (US$4.7 million) to VND152.5 billion ($7.19...

SeABank to raise charter capital
CAPITAL INCREASE - M&A Dec 4th at 13:42

SeABank to raise charter capital

Governor of the State Bank of Viet Nam (SBV) Nguyen Van Binh has permitted SeABank to raise its charter capital to VND5.46 trillion (US$260 million) from VND5.33...

Military Bank's investment arm increases capital
CAPITAL INCREASE - M&A Nov 23rd at 14:20

Military Bank's investment arm increases capital

Investment fund MB Capital was granted a licence to double its charter capital to VND200 billion ($9.4 million) by issuing 10 million shares, according to the State...

Firm offers Mekong farmers prime shares
CAPITAL INCREASE - M&A Oct 30th at 14:24

Firm offers Mekong farmers prime shares

The An Giang Plant Protection Joint Stock Company (AGPPS) has launched a programme to sell 2.48 million preferential shares to more than 6,000 farmers in the Cuu...

SEC borrows $16 million to raise its capacity
CAPITAL INCREASE - M&A Oct 11th at 13:21

SEC borrows $16 million to raise its capacity

The Gia Lai Sugar-Thermal Power Joint Stock Company (SEC) approved a plan to borrow VND350 billion (US$16.6 million).

SCJ doubles charter capital
CAPITAL INCREASE - M&A Sep 6th at 13:20

SCJ doubles charter capital

Sai Son Cement Joint Stock Company (SCJ) will double its charter capital to VND195.16 billion (US$9.29 million) from VND97.58 billion ($4.64 million), according to...

SBV approves Techcombank plea
CAPITAL INCREASE - M&A Aug 24th at 16:39

SBV approves Techcombank plea

The State Bank of Viet Nam (SBV) has approved a plan by Techcombank to add VND30 billion (US$1.43 million) of charter capital.

VietinBank to shift $14m
CAPITAL INCREASE - M&A Aug 21st at 13:47

VietinBank to shift $14m

VietinBank has received approval from the State Bank of Viet Nam (SBV) to contribute supplementary capital worth US$14 million to Indovina Bank Ltd (IVB) so that it...

SBV approves VietinBank charter plan
CAPITAL INCREASE - M&A Aug 17th at 15:57

SBV approves VietinBank charter plan

VietinBank has received approval from the State Bank of Viet Nam (SBV) to raise its charter capital from VND32.661 trillion (US$1.55 billion) to VND37.234 trillion...

Vinamilk to set up subsidiary to rear cattle and poultry
CAPITAL INCREASE - M&A Aug 1st at 13:25

Vinamilk to set up subsidiary to rear cattle and poultry

The Viet Nam Dairy Products Joint Stock Company (Vinamilk) announced on its website a decision by its Board of Directors to co-operate with Thong Nhat Thanh Hoa Co...

Read More

NEW STOCKS

MOST READ

Back To Top