FBT: Refund of capital gain

Ben Tre Forestry and Aquaproduct Import – Export Company (FAQUIMEX) has informed of being refunded share premium as follows:

The company had done IPO, offered preffered shares to employees and paid the amount of VND396,060,792,951 to the fund of supporting corporate production belonging to the Ministry of Finance.

After equitizing the company, it needed the liquid capital for production and paying salary to more than 3,000 employees. Thus, it petitioned the Prime Minister and the Ministry of Finance for refunding the capital gain equivalent to ratio of additionally-issued shares (61.02%). On September 12th 2008, the company received the amount of VND233,085,077,000 and recored it in the capital gain account.

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