Vietnamese Company Plans Stock Offering

VIETNAM – As reported by the Thanh Nien Daily: "The Hoang Gia International joint-stock company, a casino and hotel developer, is going to raise US$20 million for expansion at its initial public offering (IPO) next month, the company announced Monday.

"The northern Quang Ninh province-based joint-stock company is going to list two million shares at a face value of VND150,000 (US$9.42) per share on the country's bourses in southern Ho Chi Minh City economic hub and the northern Hanoi capital.

"…The company plans to invest a part of $20 million into developing hotel chain with a new 13-storey hotel and five-star 20-storey hotel and a park…"

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