Tin Nghia to issue an additional 46.7 mln shares to raise capital

04:04, 24/04/2017

(ĐN)- Tin Nghia Corp approved a plan to raise its capital from the current VND1,558 billion to VND2,025 billion this year at an annual shareholders' meeting on April 24.

(ĐN)- Tin Nghia Corp approved a plan to raise its capital from the current VND1,558 billion to VND2,025 billion this year at an annual shareholders’ meeting on April 24.

Accordingly, it will issue an additional 46.7 million shares to raise capital for its strategic eight projects in 2017.

The Corp also targets to earn a revenue of VND8,600 billion and a profit after tax of VND165 billion, a year-on-year increase of 12 percent and 8.8 percent, respectively.

In the coming time, Tin Nghia will continue efforts to be one of Vietnam's 500 largest enterprises and among the country’s leading coffee exporters.

Reported by M.T