[11 Dec] Casumina to Sell 7.5M New Shares To Raise Capital To VND325 Bln

The Southern Rubber Industry Joint Stock Co., or Casumina, said Thursday its shareholders have approved a plan to sell 7.5 million new shares to raise the company's registered capital to VND325 billion ($17.6 million) from VND250 billion.

Casumina, the largest listed rubber producer in Vietnam, will sell the new shares to its existing shareholders within this month, it said in a statement filed to the Hochiminh Stock Exchange.

The new shares will be listed on the local bourse, raising the number of its listed shares to 32.5 million from the current 25 million, it said.

(Source: irco.biz)