Battery issues additional shares

03:12, 07/12/2007

Southern Battery Company will offer an additional 3 million shares in the first quarter of next year. All of the shares will be sold to existing stockholders at a rate of 4:1, and price of VND25,000 each.

Southern Battery Company will offer an additional 3 million shares in the first quarter of next year.

 

All of the shares will be sold to existing stockholders at a rate of 4:1, and price of VND25,000 each.

 

The company expects to raise VND75 billion (US$4.7 million) from the issuance, for its factory in Nhon Trach Industrial Zone in the southern province of Dong Nai.

(Source: VNS)