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VietNamNews

KLF Global plans share issue to raise capital

Update: May, 31/2014 - 09:27
HA NOI (VNS)— KLF Global JSC has planned to propose to the shareholders' general assembly about a share issue at ratio 1–1 to double its charter capital to VND1.48 trillion ($70.4 million).

This aims at raising capitals to co-invest in FLC Group's 38-storey complex project on Pham Hung Street, Ha Noi. Besides, KLF was negotiating to acquire a three-star hotel in HCM City's District 1.

In the first quarter of this year, the company had a turnover of VND124.2 billion ($5.9 million) and VND19.6 billion ($933,000) in after-tax profit, increasing 235 per cent and 829 per cent over the same period last year.

Its annual shareholders' meeting is scheduled on June 17. — VNS


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