Kinh Bac City Corporation (KBC), the firm developing the well publicised Trump-branded resort in northern Vietnam, has raised more than VND 4,100 billion (about US$157.7 million) through the sale of 174.1 million shares to nine professional investors on June 25, VN Express has reported→view source.

Key details:

Total shares issued: 174.1 million (66 percent of the planned amount)
Unsold shares: Nearly 76 million shares cancelled
Raised capital: VND 4,100 billion or US$157.7 million
Notable non-participants: Dragon Capital, Prudential Vietnam
Use of funds: To support ongoing projects, including the Trump International Hung Yen complex
Dividend policy: No dividends this year; focus on reinvestment

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