Vietnam securities brokerage Haseco (HPC) said on Tuesday it aimed to raise up to 350 billion dong ($22 million) by selling 14.25 million new shares next month.
Haseco, which has a chartered capital of 50 billion dong, would sell 5 million of the shares to existing shareholders at the share's face value of 10,000 dong, Chairman Vu Duong Hien said in a statement.
Another 5 million shares would be sold to strategic investors at a price not lower than 86,000 dong per share.
Staff of the Haiphong-based brokerage will be entitled to buy 250,000 shares at a price not higher than those sold to strategic investors.
The timing of the sale of the remaining 4 million shares would be decided later depending on market demand, Hien said.
Haseco shares ended 0.85% down on Tuesday at 156,500 dong ($9.7) on the Hanoi OTC market, valuing the firm at $48.5 million.
Source: Reuters
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