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Vietcombank guarantees KLF share sale

Update: August, 30/2014 - 07:59
HA NOI (VNS)— Vietcombank Securities Company (VCBS) and KLF Joint Venture Investment International JSC (KLF) on Thursday signed an underwriting agreement that will help KLF sell 74 million shares to the public.

This will increase KLF's charter capital from VND740 billion (US$35 million) to VND1.517 trillion (nearly $72 million).

In the first half of this year, the company's pre-tax profit reached nearly VND60 billion ($2.8 million), 10 times higher than the same period of last year and equivalent to 60 per cent of its yearly profit target. — VNS

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