More VIC and ICF shares for HOSE

Tuesday, May 20, 2008
The Ho Chi Minh City Stock Exchange (HOSE) has given the green light to companies to list about 41 million additional VIC and ICF shares.

Nearly 40 million shares of Vincom Joint Stock Company, coded VIC, will be listed.

The shares will be issued to current shareholders in 2008 to increase the company’s chartered capital from VND 800 billion to VND 1,200 billion.

More than 1 million shares will be offered by the Seafood Investment and Commerce Joint Stock Company, coded as ICF, to strategic shareholders.

These additional shares will strengthen the supply source of HOSE but raise a concern about bigger gap between supply and demand when the VN-Index is seeing sharp drops. (TBKTVN)