SSC gives go-ahead to five IPOs

Thursday, May 15, 2008
The State Securities Commission (SSC) has approved in principle three companies to offer shares to the public namely Pymerphaco Joint Stock Co, Petroleum Transportation Joint Stock Co and VTC Telecom Joint Stock Co.

At the same time, SSC also issued the Decision No 328/QD-UBCK dated on May 9 to extend license of offering shares to the public for Vinaconex Glass Fiber Reinforced Polyester Joint Stock Co until June 26, 2008.

Earlier, SSC granted license No 302/UBCK-GCN of offering shares to the public for DIC-Intraco Investment and Trade Joint Stock Co that has a chartered capital of 33.6 billion dong.

The company was allowed to offer 4.48 million ordinary shares at 10,000 dong par to the public including 2.24 million shares issued to the existing shareholders and the remaining 2.24 shares to big investors.