CII, PGD, VOS issue bonds, shares to mobilize capital

Ho Chi Minh City Infrastructure Investment JSC (CII), PetroVietnam Low Pressure Gas Distribution JSC (PGD), and Vietnam Ocean Shipping Joint Stock Company (VOS) have recently approved convertible bond and share issuance and treasury share sale to mobilize capital.

Accordingly, CII approved issue of VND1.12 trillion convertible bonds to its existing shareholders at a ratio of 100:1 to mobilize capital for real estate, water supply and drainage, and infrastructure projects and to add to its working capital.

The five-year-term bonds will have face value of VND1 million each with an interest of 12 percent per annum which can be swapped at a ratio of 1:90.9 at a price of VND11,000 per share after six months from issuance date.

PGD approved issue of 17.1 million shares to increase its charter capital to VND600 billion. In the first nine months, PGD profited VND202.8 billion, up 29 percent year-on-year, exceeding 57 percent of this year’s target plan.

VOS approved to sell 1.89 million treasury shares within a month since December 10 at price not less than VND3,900 per share to withdraw its investment capital and add to its cash flow for its main business.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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