AVF issues more shares, CTV cancels listing

Viet An Joint Stock Company (AVF) announced share issuance to mobilize capital whereas Vietnam Investment - Production and Trading JSC (CTV) announced voluntary cancellation of listing of 2 million shares.

Accordingly, AVF will issue 15.38 million shares to mobilize VND69.9 billion to finish two farms in Binh Thanh and Phu Thuan with a total production of around VND16,000 tons annually and to add to its working capital. Of which, 14 million shares will be sold to its existing shareholders at a ratio of 2:1 at a price of VND5,000 per share and the rest will be used to reward its employees.

Meanwhile, CTV announced that it will voluntarily cancel listing of 2 million shares on the Hanoi Stock Exchange from December 20. In the first nine months of 2013, CTV saw revenue of VND9.8 billion, achieving 35 percent of this year’s plan, and a loss of VND1.7 billion.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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