Electronics retail giant Mobile World is set to double its charter capital by issuing nearly 732 million bonus shares to existing shareholders at a rate of 1:1.
The company also plans to sell a maximum of 20 percent stake in its grocery retail chain, Bach Hoa Xanh, to the highest bidder.
It wants to expand the predominantly southern chain nationwide. It currently holds a 99.95 percent stake in the chain.
Mobile World has appointed a new CEO, Tran Huy Thanh Tung, in place of Tran Kinh Doanh, who quit recently for personal reasons.
It targets a 14-percent increase in revenues this year to VND140 trillion ($6.04 billion), and a 30-percent rise in post-tax profits to VND6.35 trillion.
Mobile World announced a partnership with an Indonesian company in March to establish PT Era Blue Elektronik.
It wants to make it the top electronics retail chain in Indonesia and list it on a stock exchange there in five years’ time.
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