BIDV Securities aiming for higher capital in 2016

The BIDV Securities Company (BSC) will ask shareholders for approval to increase capital at the company's annual shareholder meeting, which will be held on April 23.

The company expects to increase its capital from VND865 billion (US$38.4 million) to between VND1 trillion and VND1.5 trillion this year.

BSC may raise its capital by issuing between 13.5 million shares and 63.5 million shares to one or three investors for at least VND10,000 per share.

The company may also issue more than 4.3 million shares to make a dividend payment for shareholders. Those shares will not be restricted from being traded.

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