Home Companies Capital Increase - M&A

Saigon Water (SII) to sell 37 million shares to raise charter capital

Jun 8th at 21:32
08-06-2019 21:32:32+07:00

Saigon Water (SII) to sell 37 million shares to raise charter capital

Saigon Water Infrastructure Corporation (SII) has approved a plan to issue 37.42 million shares to existing shareholders to increase its charter capital.

 

The offering price is expected to be VND16,900 (US$0.73) per share, higher than the current market price that stood at VND15,000 on Friday. The shares are scheduled to be issued in 2019. SII is expected to collect more than VND632 billion (more than $27 million) from the issuance.

The rate of issuance will be 58 per cent, which means with every holding of 100 shares, an investor can buy 58 new shares.

After the issues, SII's charter capital is expected to increase from the current VND645 billion to more than VND1 trillion.

All proceeds from the offering will be used for merger and acquisition (M&A) activities. Specifically, SII will spend VND308.7 billion from the proceeds to buy 30.87 million shares in Cu Chi Water Supply and Sewerage JSC. It will also spend VND286.4 billion on interest payments for bank loans.

bizhub

RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Vietcombank’s (VCB) charter capital reaches US$1.6 billion
CAPITAL INCREASE - M&A Jan 29th at 08:31

Vietcombank’s (VCB) charter capital reaches US$1.6 billion

The charter capital of Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) has increased by 3 per cent to VND37.1 trillion (US$1.6 billion)...

SHS to sell nearly 102 million shares to raise capital
CAPITAL INCREASE - M&A Dec 28th at 08:36

SHS to sell nearly 102 million shares to raise capital

Sai Gon-Ha Noi Securities JSC (SHS) plans to issue more than 101.8 million shares to provide funding for its business activities and double its charter capital.

Techcombank (TCB) to increase charter capital to US$1.53 billion
CAPITAL INCREASE - M&A Jun 17th at 14:13

Techcombank (TCB) to increase charter capital to US$1.53 billion

The Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) on Thursday held an extraordinary shareholders’ meeting to approve a plan to supplement its...

South Korea's SK, Japan's Idemitsu in line to buy stake in Vietnam's PVOIL
CAPITAL INCREASE - M&A May 24th at 14:26

South Korea's SK, Japan's Idemitsu in line to buy stake in Vietnam's PVOIL

PetroVietnam Oil Corp is in talks to sell a 44.72 percent stake to strategic investors later this year, after its $184 million initial public offering in January...

Saigon Reai Estate (SGR) to lift charter capital
CAPITAL INCREASE - M&A Apr 4th at 09:33

Saigon Reai Estate (SGR) to lift charter capital

Saigon Real Estate Joint Stock Company (HOSE: SGR) has asked its shareholders to approve plans to increase charter capital from VND396 billion to VND555.4 billion...

BSI plans share issuance to raise charter capital
CAPITAL INCREASE - M&A Oct 14th at 22:54

BSI plans share issuance to raise charter capital

BIDV Securities Co, the investment arm of the Bank for Investment and Development of Viet Nam, has asked shareholders to approve its charter capital increase plan.

SHB to increase charter capital to US$527.9 million
CAPITAL INCREASE - M&A Sep 20th at 16:26

SHB to increase charter capital to US$527.9 million

This increase from the current VND11.2 trillion ($492.7 million) was allowed as part of a plan approved at this year’s SHB shareholder meeting.

BMP issues bonus shares to raise charter capital
CAPITAL INCREASE - M&A May 13th at 17:03

BMP issues bonus shares to raise charter capital

The Binh Minh Plastic Joint Stock Company (BMP) has decided to issue around 36.4 million bonus shares to raise its charter capital from VND455 billion (US$20...

DAG to raise capital to $22.2m
CAPITAL INCREASE - M&A Apr 22nd at 16:07

DAG to raise capital to $22.2m

 Dong A Plastic Joint Stock Company in 2017 will increase its chartered capital to VND500 billion (US$22.2 million) from the current VND419 billion.

VND36 trillion in charter capital approved for Vietcombank
CAPITAL INCREASE - M&A Aug 5th at 13:30

VND36 trillion in charter capital approved for Vietcombank

The State Bank of Viet Nam (SBV) on Tuesday approved a Vietcombank's proposal to increase charter capital by VND9.327 trillion (US$416.38 million) to VND35.977...

Read More

NEW STOCKS

MOST READ

Back To Top