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Home Stocks & Market Stocks & Securities SBT to spend 37b dong purchasing additional 3.33m fund shares

SBT to spend 37b dong purchasing additional 3.33m fund shares

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Bourbon Tay Ninh Joint Stock Co (coded SBT) has lately released the resolution approved by the management board about purchasing additional fund shares. In details, the company would buy additional 3,326,530 shares as fund shares to raise the holdings to 14 million shares, using the company's unallocated profit and other legal capital sources, based on the Jan-Sep financial reports. The purpose of this company's movement was to stabilise the company's share price in the stock market. The transactions were to be started after the company gets approval from Hochiminh Stock Exchange(STC), using the order-matching and negotiation methods.

Source: www.intellasia.net/news/articles/stock_market/111350789.shtml


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