DHM to invest heavily for the service sector

  The Company issued 8 million shares to price ratio 2:1 10,000. A large portion of the funds raised will be invested in three three farms in Quang Nam and Da Nang to build a restaurant.


    Joint Trade and mining Duong Hieu (DHM - floor HOS) announced the issuance of shares to existing shareholders in 2013.

    

    Accordingly, the DHM Board approved the issuance of 8 million shares at the price of 10,000 VND / share, with a ratio of 2:1. Implementation period is expected in 2013. Unit is issuing advice SSI Securities.

    

    For individual stocks and shares existing shareholders do not purchase all, the Board will distribute these shares to other objects that the Board deems appropriate at the price not lower than VND 10,000 / share. Issuance of additional shares will be listed on HOSE supplement immediately after completion of the issuance.

    

    If successful release, DHM is expected to raise 80 billion, and the company's charter capital will increase from 160 billion to 240 billion. The money raised will be used for purposes such as:

    

    - Building II project farms in Binh Ba Ba Quy Thang Binh, Quang Nam. The total investment of this project is 38 billion, including 26 billion from using capital raised from the issue.

    

    - Project build restaurants in the service planning Hai Chau district, Da Nang city. DHM is expected to use the entire 35.4 billion in capital raised from the issuance to finance this project.

    

    - Contributing capital and Trading JSC Central Mining. Total capital is 40 billion, which uses 16.8 billion from the issuance to contribute.

    

    DHM also said that the amount due to the implementation of the project will be taken from other funds of the Company.