Haseco passes plan to issue 12 million shares

Hai Phong Securities (Haseco) has passed a plan to raise charter capital from 192.4 billion VND (12 million USD) to 300 billion VND by issuing 12 million shares this year.

Last year, the company earned net revenue of 127 billion VND, or 441 percent against 2006, with a pre-tax profit of 72.47 billion VND and dividend payment of 20 percent. In 2008, Haseco will restructure its business into an investment bank.

It expects to invest 1.5 million USD to upgrade its information-technology system and to build a new office for 100 billion VND (6.2 million USD).

VNA

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