Ben Tre Seafood plans stock offer

The Ben Tre Seafood Export Company plans to offer 1.8 million additional shares in order to raise the charter capital from 63 billion VND to 81 billion VND.

The company will sell 630,000 shares to existing shareholders at a rate of 10:1 for 45,000 VND each. 170,000 other shares will be offered to staff at 65,000 VND each.

The remaining shares will be issued publicly to strategic partners, with the price reduced 20 percent.

The company plans to mobilise 221.3 billion VND to build a seafood processing plant and a tra catfish farm.

VNA

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