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VietNamNews

Firm to increase charter capital

Update: July, 04/2012 - 10:15

HA NOI — Natural resource explorer Tai Nguyen Corp (TNT) plans to increase its charter capital by 3.5 times from VND85 billion to VND300 billion via issuing 21.5 million shares. The company aims to invest VND150 billion in its project in the northern province of Hoa Binh and use VND50 billion in working capital.

With the plan, it expects to achieve a net profit of VND12.75 billion this year compared to the level of VND353 million last year.-VNS

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