Hòa Phát to issue over 250 million shares
Steelmaker Hòa Phát Group (HPG) plans to issue over 250 million shares to raise capital for investment in the second phase of Hoà Phát Dung Quất iron and steel production complex. HPG will sell those shares at a price of VNĐ20,000 (US$0.8) per share, expecting to earn more than VNĐ5 trillion through the issue. A part of the mobilised capital will be aimed at raising the company’s working capital. The subscription period is projected to fall from June 27 to July 17 or will be notified by the Việt Nam Securities Depository after Hòa Phát completes the list of shareholders purchasing the shares.
