LHG issues 1.3mln shares to invest in Long Hau 3 industrial park

Long Hau Joint Stock Company (LHG) will issue 1.3 million shares at a cost of VND 13,000 per share for its current shareholders.

Total revenue from selling shares will be used for land clearance compensation work of Long Hai 3 Industrial Park project.

The park covers an area of 124 hectares with total investment capital up to VND 1,1trillion. It is expected to be completed and put into operation in the 4th quarter of 2019.

For the first half this year, LHG said it profited VND 26.7billion, decrease of 31 percent compared with the same period last year.

DTTC-Translated by T.T

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