Hung Thinh Incons Joint Stock Company (Hung Thinh Incons – Ticker symbol: HTN) was licensed by the State Securities Commission to issue more than 16.53 million shares that were offered to existing shareholders. After completing the issuance, the Company will increase its charter capital to improve financial capacity, expand production and business activities under the plan approved by the General Meeting of Shareholders in June 2020.
Accordingly, on December 25, 2020, the State Securities Commission issued a certificate of registration for public offering to Hung Thinh Incons. Distribution time is within 90 days from the effective date of the above certificate.
The offering of shares to existing shareholders will be made at the ratio: 2: 1 (at the date of fixing the list of shareholders to exercise the rights, a shareholder who owns 02 shares will have 01 right to buy). With the offering price of VND 17,000/ share, after the issuance, Hung Thinh Incons is expected to earn more than VND 281 billion. This is an additional financial resource to help HTN improve its construction capacity, meet the increasing construction volume from new projects of Hung Thinh Land as well as expand production and business activities in the coming years.