Hai Phong Securities broker to hike chartered capital to 300b dong

Thursday, May 15, 2008
Hai Phong Securities Joint Stock Co (Haseco) recently announced that it plans to scale up chartered capital to 300 billion dong from the current of 192.463 billion dong via offering 12 million shares within this year.

Last year, the securities broker posted 127.088 billion dong in revenue, 72.47 billion dong from pre tax profit and dividend of 20%.

This year, the company plans to change operation mode towards investment banks. Haseco plans to invest US$1.5 million to upgrade information technology system and 100 billion dong to build its new headquarters at No 9, Hoang Dieu S trillion in Hai Phong.