ADS to issue 10million shares in October

Yarn producer Damsan (ADS) plans to issue 10million shares in October, priced at VND 17,000 per share aiming to invest in Eiffel Yarn Corp and Damsan manufactures yarn and cotton at An Ninh Industrial Zone in Tien Hai district of the northern province of Thai Binh.

ADS to issue 10million shares in October

Of these, 5.6million shares will be sold to its current shareholders and 4.4 million shares will be for its strategic partners.

If successful, ADS will increase its chartered capital up to VND 269billion.

ADS announced for the first half 2017 it profited VND 25billion. 

DTTC-Translated by K.Lien

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