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Thai Hoa Group fails to issue 30m shares

Update: February, 11/2012 - 11:18

HA NOI — Only 60 shares out of 30 million total shares released in the first phase of beverage company Thai Hoa Viet Nam Group's (THV) recent share issue were sold, the group reported.

In light of this result, THV decided to transfer all of the outstanding stocks to the second phase which will be auctioned off on the Ha Noi Stock Exchange. This plan has been approved by the State Securities Commission.

Late last year, the group registered to issue more than 30 million shares at the per value price, of which 2.75 million would be offered to employees and 27.5 million to existing shareholders. THV expected to raise VND302.5 billion ($14.4 million) through this issue.-VNS

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