August 12, 2011

Cadovimex to give out new shares

Cadovimex Seafood Import-Export and Processing JSC (CAD) has been given permission by the State Securities Commission of Vietnam to give out 12 million new shares in a private offering.

The shares will be offered to four investors, whose names were not revealed.

Earlier, the exchange moved the stock of CAD out of its suspending list from June 24.

CAD posted a loss of VND6 billion (US$300,000) in 2009 and VND30 billion (US$1.4 million) in 2010.

The firm has yet released its financial report for the first quarter of this year.