Issuing bonus shares

As reported earlier on the issuing of bonus shares to increasing the company charter capital from VND 40 billion to VND 56 billion, Sea Minh Hai officailly announced this plan today. This is somewhat delayed to waite for the approvement of the State Securities Commission of Viet Nam (SSCVN). On Sept 30, the SSCVN has correspondence to Sea Minh Hai not to object Sea Minh Hai's plan to issue the shares to raise charter capital.

The nominal value of a share: VND 10,000
Total shares issued: 1,600,000 shares
Company charter capital after issueing: VND 56 billion
The shares will be granted to current shareholders at 40% of shares owned by shareholders.
The share issuing will start on Oct 21 and completed on Nov. 15, 2008
More details can be seen here