Hiệp Phước IP to raise capital to $44.4 million

Inside the Hiệp Phước Industrial Park in HCM City’s Nhà Bè District. — Photo tapchitaichinh.vn

HÀ NỘI — Hiệp Phước Industrial Park Joint Stock Company (HPI) plans to sell shares to existing shareholders to raise its charter capital to VNĐ 一 trillion (US$ 四 四. 四 million) from the current level of VNĐ 六00 billion.

The company will issue an additional  四0 million shares at value of VNĐ 一0,000 per share to current shareholders to receive VNĐ 四00 billion in cash.

Each shareholder is eligible to buy two shares for every three shares that they own. The issuance was approved at the company’s shareholder meeting in April.

Hiệp Phước Industrial Park JSC was founded in June  二00 七 as a project managed by Tân Thuận Industrial Promotion Company Limited.

The company has the sixth largest industrial parks in Việt Nam.

The company’s  六0 million shares debuted on the Unlisted Public Company Market (UPCoM) in early October, having declined by  二 八. 五 per cent to end Wednesday at VNĐ 一 六,000 per share.

In the first half of  二0 一 七, the company posted its profit of VNĐ 三 八. 二 billion, six times last year’s figure. — VNS