South East Asia Hamico Export JSC announced that it expects to receive VND 12.50 billion in funding.
On December 10, 2012, the shareholders of the company approved the transaction. The company will issue 5,000,000 common shares at a price of VND 1,500 per share for gross proceeds of VND 7,500,000,000. The transaction will see participation from individual and institutional investors. The shares issued have a one year hold period from the closing. The transaction is expected to close within 90 days since the date, State Securities Commission of Vietnam approve the transaction.
On December 21, 2012, board of directors approved the transaction. The transaction will see participation from Thai Binh Cement Jsc and Chau Management Consulting JSC.
On December 25, 2012, the company announced that Thai Binh Cement Jsc will purchase 3,000,000 shares and Chau Management Consulting JSC will purchase 2,000,000 shares.