Vietnamese paper producer is going to raise its chartered capital
Apr 19, 2006. Vietnamese paper producer Haiphong Paper Joint Stock Company (Hapaco) plans to issue additional 2.75 million shares.
Apr 19, 2006. /Lesprom Network/. The Haiphong Paper Joint Stock Company (Hapaco) plans to issue additional 2.75 million shares to raise its chartered capital by 27.5 billion VND ($1.77 million) to 60 billion VND ($3.77 million), according to the company's Management Board.
The board said it would monitor the stock market's performance before it announces an issuance method and decides on the asking price for shares and the date of issuance.
Hapaco set a target of 230 billion VND ($14.5 million) in total turnover, 147.5 billion VND ($11 million) in export revenue, and 19 billion VND ($1.19 million) in after-tax profits this year.