Bibica confectionary firm to sell shares

Tuesday, May 13, 2008
Bien Hoa Confectionary Joint Stock Corp (Bibica) recently announced the business result in the first quarter of this year with 132.16 billion dong in total revenue or 20.9% of the year's plan, over 8.1 billion dong from pre tax profit and nearly 6.4 billion dong from after tax profit, equalling to 13.6% of the year's target.

Bibica also announced that it would sell shares to the public for the second phase to mobilise 43.6 billion dong in total.

The transaction date is scheduled on September 8.

The company plans to sell shares to the existing shareholders at the ratio of three new shares for 10 shares held. The registration deadline is on May 21.

Earlier, Bibica sold shares to the public for the first phase from February 26 to March 5 to mobilise 279 billion dong.

Reportedly, the capital being mobilised from the share issue will be invested in projects of the North Bibica one member Ltd Co and Western Bibica one member Ltd Co.