Vinacomin Ha Lam Coal to raise charter capital

Vinacomin Ha Lam Coal Co (HLC) will raise its charter capital to VND300 billion (US$14.4 million) by the end of this year as part of a strategy approved at its recent shareholders' meeting.

The company will issue an additional 16 million shares to existing shareholders at the ratio of 1:1.34 (meaning one share holding can buy 1.34 shares) at a price of VND10,000 a share. It will also issue another 2 million bonus shares to shareholders at the ratio of 6:1 (six shares can obtain one bonus share).

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