Hai Phong Securities to hike chartered capital to 300b dong

Tuesday, May 20, 2008
Hai Phong Securities Joint Stock Co (coded HPC)'s shareholders' annual meeting recently passed the plan to scale up chartered capital to 300 billion dong via offering 12 million shares to the shareholders.

The share issue will be divided into two phases. In the first phase, the company would issue 4.8 million shares to the existing shareholders at the ratio of one new share for four shares held. In the second one, HPC would issue 6.24 million shares to the existing shareholders and strategic partners and the remaining 960,000 shares will be sold to the company's employees.