Generalexim to issue 485,000 more convertible bonds

Thursday, May 15, 2008
Viet Nam general Export Import Joint Stock Co No I (Generalexim) recently released its plan of paying dividend of 3% in cash and 10% in shares for the second phase of 2007 on May 19.

The deadline to close the list of shareholders book to is on March 14.

This year, the company targets 1.57 trillion dong in revenue and 25.2 billion dong from after tax profit.

With the plan of paying 2007 dividend of 10% in shares and convertible bonds that will be matured on July 31, 2008, the company's chartered capital would be raised to 88.9 billion dong

Generalexim also plans to issue 485,000 more convertible bonds at 100,000 dong par within this year, which will be matured by 2009, to its chartered capital to 112 billion dong.

At present, generalexim is preparing to complete necessary documents and legal proceedings to meet the demand of listing on the stock transaction floor.