REE to issue convertible bonds
  • Thông báo


    + Trả lời Chủ đề
    Kết quả 1 đến 1 của 1
    1. #1
      Ngày tham gia
      Jan 2010
      Bài viết
      781
      Được cám ơn 70 lần trong 53 bài gởi

      Mặc định REE to issue convertible bonds

      The HCM City-listed Refrigeration Electrical and Engineering Corporation will start offering VND810.4 billion (US$42.7 million) worth of convertible bonds in July to raise capital for corporate projects.
      The bond has a face value of VND1 million ($53) and will yield 8 per cent per annum. Existing shareholders will have the right to buy a convertible bond for every 100 shares they own.
      Bonds not taken up will be offered to other interested parties at a price to be decided, but not lower than the selling price in the offering. After a year, the bonds will be converted into shares at a rate of 72 shares for one bond.
      "Capital mobilised through this issue will be pumped into core businesses, including electricity and property," Corporation Chairwoman Nguyen Mai Thanh said.
      That included VND480 billion ($25.3 million) in real estate projects, she said, noting the Reetower with an investment capital of VND437 billion ($23 million), which was expected to be completed early next year.
      The corporation will at the same time issue 97.25 million shares to existing shareholders, of which about 16.2 million will be in lieu of a dividend payment at a ratio of 20 per cent.
      The remainder will be offered as bonuses for these shareholders at a rate of 1:1. Shareholders can start registering to buy shares and receive the dividend payment from July 6 to August 2.
      The company projected a turnover of VND1.5 trillion ($78.9 million) this year, up 27.7 per cent on last year, as well as a pretax profit of VND510 billion ($26.8 million), up 5.4 per cent.

    2. Những thành viên sau đã cám ơn :
      Hoang Uyen (24-07-2010)

    Thông tin của chủ đề

    Users Browsing this Thread

    Có 1 thành viên đang xem chủ đề này. (0 thành viên và 1 khách vãng lai)

       

    Similar Threads

    1. Trả lời: 0
      Bài viết cuối: 13-01-2010, 10:51 AM
    2. Bank to issue 15m convertible bonds
      By phuocpham in forum STOCKs TRADING IN HNX
      Trả lời: 0
      Bài viết cuối: 11-01-2010, 11:34 AM
    3. Vincom said to raise $100 million from convertible bond sale
      By phuocpham in forum STOCKs LISTED IN HoSE
      Trả lời: 0
      Bài viết cuối: 17-11-2009, 06:30 PM
    4. Vietnam’s Hoang Anh Gia Lai to sell convertible bonds
      By phuocpham in forum STOCKs LISTED IN HoSE
      Trả lời: 0
      Bài viết cuối: 06-10-2009, 05:07 PM
    5. Corporate bonds now the choice of businesses, again
      By phuocpham in forum STOCKs LISTED IN HoSE
      Trả lời: 0
      Bài viết cuối: 15-09-2009, 06:51 PM

    Bookmarks

    Quyền viết bài

    • Bạn Không thể gửi Chủ đề mới
    • Bạn Không thể Gửi trả lời
    • Bạn Không thể Gửi file đính kèm
    • Bạn Không thể Sửa bài viết của mình