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

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