Taicera Enterprise Co. Ltd., has raised 113.6bio VND (7mio US$) from selling 3.9 million shares in an initial public offering.
Taicera, which built its first workshop in the southern province of Dong Nai in 1995, now produces tiles and bricks for domestic markets and export to countries including Australia, South Korea, Thailand and the United States.
Taicera has said the proceeds from the IPO would be used to raise its registered capital to VND300 billion ($18.7 million) from $15.6 million.
Fourteen institutional and 173 individual investors sought to buy nearly twice as many shares than were on offer. Foreign investors bought 24% of the offered stock.
Source: Reuters
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment