Need cash investment projects, VSH want to sell 4 million shares of treasury

 Amount expected gain of about 48 billion to 60 billion, will be used to invest VSH project Thuong Kon Tum Hydropower.
 

     Hydropower JSC Vinh Son - Song Hinh (VSH - HOSE) announced registration treasury shares traded.

    

     Accordingly, VSH has registered to sell all 4 million treasury shares are. This is the number of treasury shares acquired in 2010. VSH has to spend 47 billion to acquire shares of the fund. The total number of shares of VSH now reached 206.24 million shares.

    

     Transactions will be carried out from 2/7 to 31/7, through matching method or arrangement, with the number set on sale from 120,000 shares to 400,000 shares.

    

     According VSH, the proceeds from the sale of treasury shares will be used to invest in VSH Hydropower Project Upper Kon Tum.

    

     Reportedly, BOD VSH previously through the sale of treasury shares on the expected price of 12,000 VND / share to 15,000 VND / share. Thus, if the sale is successful, the total amount collected will VSH ranged from 48 billion to 60 billion.

    

     According to the Consolidated Financial Statements I/2103 quarter, at the end of the quarter, VSH has nearly 520 billion of cash and cash equivalents, including cash is only 4.3 billion.