KOS issues 62.3mln shares

Kosy Joint Stock Company (KOS)’s shareholders have approved plan to issue 62.3 million shares to current members at a cost of VND 10,000 per share.

After the issuance, total mobilize capital is expected to reach VND 622.5billion. Of these, KOS plans to invest in the projects such as Kosy Song Cong Urban Area worth VND 100billion; Urban areas of Kim No, Hanoi worth VND 100billion; Kosy Xuong Giang Urban Area, Bac Giang with VND 155billion; new urban area in Lao Cai with VND 165 billion…

KOS targets to reach revenue of VND 700billion in 2018 with after-tax profit of VND 50billion.

DO DOAN –Translated by K.Lien

Other news

Most view

A corner of HCMC in the East (Photo: SGGP)

HCMC housing price rises due to specification

In its report to the Ho Chi Minh City People’s Committee, the Department of Construction said that city housing price has lately risen due to specification.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.