Share supply on HOSE increases sharply

Friday, May 23, 2008
The Ho Chi Minh City Stock Exchange (HOSE) recently approved four companies to list more shares on the southern bourse with the total volume of nearly 15 million shares.

Particularly, Sao Ta Food Joint Stock Co (coded FMC) was approved to list one million ordinary shares at 10,000 dong par. These shares were issued to strategic partners with the volume of 900,000 shares and the remaining 100,000 shares to the company's key employees.

Hanoi Maritime Commercial Joint Stock Co (coded MHC) would list 2.4 million shares. These shares are to sell to the existing shareholders at the ratio of one new share for two shares held and the selling price of 20,000 dong per share.

Hoa Phat Group Joint Stock Co (coded HPG) would list 8.26 million ordinary shares worth 82.6 billion dong.

Ho Chi Minh Metal Joint Stock Co (coded HMC) would list 5.2 million shares worth 52 billion dong.

The whole these shares were officially listed on the southern bourse from May 21.