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Property

Licogi 13 and SaoMai Group to sell additional shares

Released at: 16:31, 17/07/2015

Licogi 13 and SaoMai Group to sell additional shares

Two property developers gain approval to offer shares.

by Hung Nguyen

The State Securities Commission (SSC) has given Licogi 13 and the Sao Mai Group permission to sell additional shares.

Licogi 13 will offer 5,568,100 shares with a par value of VND10,000 ($0.46) to existing shareholders, for a total of VND55.68 billion ($2.55 million).

It specializes in the construction of foundations and infrastructure, both civil and industrial. It has been involved in many major national projects, such as the Ho Chi Minh Mausoleum, T1 Terminal at Hanoi’s Noi Bai International Airport, the National Convention Center in the capital, the Pha Lai Thermoelectric Plant I and II, and the Ban Chat, Song Tranh II, and Lai Chau Hydroelectric Plants.

The Sao Mai Group, meanwhile, will offer 112,652,127 shares with a par value of VND10,000 ($0.46), of which 107,287,740 shares will be offered to existing shareholders and 5,364,387 stocks offered as the 2014 dividend payment to these existing shareholders. The total value of the offering is VND1.12 trillion ($51.63 million).

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