A lot of businesses submit to shareholders’ meeting the plan to issue shares at knock-down prices in order to seek more capital for their operation. However, instead of issuing shares to existing shareholders, they plan to sell shares to the outsiders. Are businesses really thirsty for capital? The fact that listed companies rush to issue shares at low prices remains enigmatic to both experts and investors. Three years ago, TRI, a drink company, stirred up the public when issuing 20 million shares at 7520 dong per share, which was lower than the face value and lower than the market price of TRI shares at that time. However, issuing shares at low price has become no more a surprise. Truong Thanh Wooden Furniture Corporation (TTF), Rong Viet Securities Company (VDS), Thai Hoa Vietnam (THV), De Tam Joint Stock Company (DTA) are also considering selling shares at the prices lower than the face values. TTF plans to issue 15.6 percent of shares at 5000 dong per share, which was lower by 2500 dong per share that the market price on June 22. VDS plans to issue 35 million shares at 7000 dong, which is higher by 1700 dong per share than the…
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