Vietnam property firm Vincom says it may raise US$200 million to $450.7 million from issuing and listing shares on the Singapore Exchange in the first half of 2011.
The Hanoi-based firm planned to issue between 41.27 million and 93 million shares, then listed them all on the Singapore bourse, it said in a document sent to shareholders on Monday for approval.
The share issue and listing aimed at raising the firm’s registered capital and finance its operation and subsidiaries, the document said.
Vincom’s registered capital is now VND3.82 trillion, it said on its website.
The firm listed its shares on the Ho Chi Minh Stock Exchange in 2007 and is now one of Vietnam’s top five companies in terms of market capitalization.
Law firm Clifford Chance and Vietnam’s VILAF could be Vincom’s advisors, the firm said.
(Reuters)
