(ĐN)- International Food Joint Stock Company (Interfood) plans to issue 5,769,472 shares, equivalent to VND 57.7 billion, to the stock market in July, 2006. The State Securities Commission (SSC) has permitted Interfood to list its shares at the HCM City Securities Trading Centre
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| Interfood will list its shares at the HCM City Securities Trading Centre |
(ĐN)- International Food Joint Stock Company (Interfood) plans to issue 5,769,472 shares, equivalent to VND 57.7 billion, to the stock market in July, 2006. The State Securities Commission (SSC) has permitted Interfood to list its shares at the HCM City Securities Trading Centre. Before listing its shares on the bourse, the company will issue 3.65 million new shares to increase its capital to almost VND 243 billion from the current VND 206 billion. Of the total issue, more than 1.7 million shares will be auctioned to the public with the floor price of VND33,000 ; the remaining shares will be sold to its strategic partners and employees.
Interfood is a wholly foreign-owned enterprise with an initial investment capital of $1.14 million, which has now ballooned to the current $30 million. It specializes in processing canned agricultural and seafood products, as well as drying, pickling, and producing cakes, fast foods, fruit juices, and bottled water, etc.
Le Huong Thom
