Investment firm No 577 to offer 5.6m shares

Saturday, April 26, 2008
Investment Joint Stock Co No 577 (coded NBB)'s shareholders' meeting recently passed the plan to offer 5.6 million more shares within this year to hike its chartered capital from the current of 154 billion dong to 210 billion dong and raise capital for its big projects including high rise apartment buildings of NBB Garden 1, NBB Garden 3, Peony Garden in HCM City and eco-urban area in the northern city of Ha Long.

This year, NBB targets to bring 344.47 billion dong in revenue, of which 298.94 billion dong from real estate field, and 65 billion dong from after tax profit and pay a 14% dividend.

Last year, the company reached 215.03 billion dong in total revenue, up 168% against the year's target, of which revenue from real estate gained 132.3 billion dong, 40.66 billion dong from pre tax profit, 29.27 billion dong from after tax profit and planed to pay a 12% dividend.