PAN, SHN, HVX Announce Share Issuance

Pan Pacific Corporation (PAN), Ha Noi Investment General Corporation (SHN) and Hai Van Cement Joint Stock Company (HVX) announced share issuance.

PAN approved to issue 20.3 million shares, with a minimum price of VND 32,000 per share, to its foreign investors in the first quarter of 2014. The company estimates to collect around VND650 billion to be used to invest in agricultural, seafood and consumer food companies.  PAN currently owns a charter capital of VND 200.5 billion.

SHN plans to issue an additional 5 million shares to help relieve debt.  Earlier, the company agreed to issue 20 million shares, over VND 10,000 per share, to their high-value shareholders.  This will increase capital for ongoing projects and restructure debts.

HVX offers to sell over 5 million shares in order to relieve debt to Thang Loi Company. The company registered to issue 21.46 million shares, VND 10,000 per share, and sold 16.43 million to Vietnam Cement Industry Corporation earlier this year. The company’s charter capital reached VND 399.6 billion.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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