Siba to issue 13.5 million shares

HCMC – Siba High-Tech Mechanical Group JSC, which trades its SBG shares on the Hochiminh Stock Exchange, plans to issue 13.5 million shares to its shareholders to raise its charter capital. If its share issue is approved, the firm would pay a 22% dividend and issue another eight million bonus shares to its shareholders. Stock trade improved 25.9% in volume and 27.4% in value, with 769.8 million shares worth VND16.7 trillion changing hands. Securities stock VIX took the lead by liquidity today, with more than 52.8 million shares traded. There were nearly 75 million shares valued at around VND1.4 trillion changing hands.