Stock market

TVP to issue 11.3million shares in 1st quarter of 2019

Representative of TV. Pharm Pharmaceutical JSC (code: TVP) said its shareholders have approved the plan to issue 11.3 million shares in the first quarter of 2019.

TVP to issue 11.3million shares in 1st quarter of 2019

The issuance is to mobilize VND 112.9billion into its capital aiming to invest in new products, open more two branches, set up the ERP management system to serve production & consuming products as well as to build up pharmaceutical industrial zone.

Of 11.3million shares, TVP will sell 11.1 million shares at a cost of VND 10,000 per share to its current shareholders; the 200,000 shares will be sold to its laborers at the same price.

D.DOAN –Translated by T.Van

Other news