NHA RONG INSURANCE LOOKS TO INCREASE CHARTER CAPITAL

Vietnamese insurer Nha Rong Insurance JSC is looking to increase its charter capital and strengthen its position in the sector with a public offering of shares. The company will offer 34.72 million shares with a total value of Dong347.2bn. The shares will have a face value of Dong10,000 each. In 2007 saw its pre-tax profit jump 68% to Dong24.26bn. Meanwhile after-tax profit was 71% up year-on-year at Dong18.32bn.