HCMC – BaF Vietnam Agriculture JSC, whose BAF shares are traded on the Hochiminh Stock Exchange, has plans to issue 65 million shares via private placement to mobilize around VND1 trillion.
These shares are priced at VND15,500, far below BAF’s closing price of VND22,550 on the southern exchange today, October 9.
They will be restricted from trading within one year from the issue date, with the issuance period set for 2024-2025, pending approval from the regulatory authorities.
With this plan, the company is expected to raise a total of VND1 trillion. It intends to allocate VND557.5 billion to bolster its capital for pig farming operations and VND450 billion for purchasing breeding pigs, nursery pigs, and grower pigs for its farms.
Regarding the stock market, the VN-Index of the Hochiminh Stock Exchange today, October 9, added 9.87 points, or 0.78%, against the day earlier, closing at 1,281.85 points, with 255 winners and 114 losers.
Around 676.9 million shares worth VND17.1 trillion were traded on the southern exchange, up by 8.6% in value against yesterday’s session. Block deal transactions totaled around 33.5 million shares valued at a total of VND1.1 trillion.
Eight blue-chip stocks VHM, HPG, ACB, BID, MSN, VIC, GVR and FPT contributed 5.8 points to the VN-Index. VPB led the market by liquidity, with 49.6 million shares traded.
On the northern bourse, the HNX-Index inched up 0.25 points, or 0.11%, over the previous day, at 231.77 points, with 74 advancers and 68 decliners. The total trading volume reached 46 million shares worth VND906 billion, down by 32% in volume and 37% in value.
