Sacomreal issues shares to raise capital

Property developer Sacomreal will issue more than 37.5 million shares to increase its charter capital to nearly VND1.88 trillion (US$88.26 million).

Equity holders will be allocated with 7.5 million shares, while 30 million shares will be sold to existing shareholders at VND10,000 per unit. Shareholders need to register to participate during the purchase period, which will be from January 15 to February 9 next year.

The company will use VND250 billion ($11.7 million) from the issuance proceeds to reduce debts and add to their working capital.

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>   TPP: Board Resolution on ESOP (12/12/2014)

>   Board resolution on increasing charter capital (12/12/2014)

>   KMR: The record date for a bonus share issuance (11/12/2014)

>   VIC: Vingroup contributes capital to set up Vinhomes 2 (11/12/2014)

>   SSI: Information on the issue price of ESOP shares (10/12/2014)

>   KMR: MIRAE., JSC to issue bonus shares (10/12/2014)

>   NNC: The record date for shares issuance (10/12/2014)

>   TPP: Share issue under the ESOP (09/12/2014)

>   DBC: Notice of transaction of connected institution (State Capital Investment Corporation (SCIC)) (09/12/2014)

>   TNG: Notice of record date for dividend payment by share and share issue to outstanding shareholders (09/12/2014)