TNI issues 31.5million shares

Thanh Nam Group JSC (TNI) will organize an unscheduled shareholders’ meeting on September 19, aiming to announce the selling of 31.5 million shares for its current shareholders with a cost of VND 10,000 per share and to mobilize VND 315 billion.

The amount will be used to invest in real estate projects; short term loan payment and additional capital source.

Earlier, TNI’s shareholders approved the project to set up Danang-New Sun Company which has chartered capital up to VND 200billion.

This year, TNI targets to reach revenue of up to VND 1,008billion, after-tax profit of VND 20billion.

DTTC-Translated by T.Tran

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