SIMCO issues 2.1 million shares

Song Da International Manpower Supply and Trading Joint Stock Company (SIMCO) with code SDA has received official permission from the State Securities Commission to issue 2.1 million additional shares to pay dividends and bonus shares to its existing shareholders.

SIMCO was given permission on the condition that it issue shares in accordance with resolutions of shareholders and executive boards to ensure the interests of shareholders.

The company was also told to publicise information in the mass media within 10 days prior to issuance.

After successfully issuing shares, the company has to report the results to the State Securities Commission.

VNA

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