HCMC – Dat Xanh Group JSC, whose DXG shares are listed on the Hochiminh Stock Exchange, will issue over 150 million shares to its shareholders at VND12,000 each, about 30% below the current market value.
The firm will finalize its shareholders list on January 7. Shareholders will have the right to buy five new shares for every 24 shares held.
Any shares not purchased by existing shareholders will be offered to other investors, but only on terms that are not better than those offered to current shareholders. These newly issued shares will be subject to a one-year transfer restriction.
The company expects to raise nearly VND1.8 trillion from the share issue. The proceeds will be used to invest in Ha An Real Estate Investment, where DXG holds a 99.99% stake.
DXG reported January-September revenue of VND3.2 trillion, up by 39% year-on-year, with its net profit surging by 63% to VND244.4 billion. This exceeds its 2024 profit target of VND226 billion.
DXG shares experienced high trading activity today, December 24, with liquidity reaching nearly 53 million units, the highest on the Hochiminh Stock Exchange. However, it plunged to its daily lower limit, at VND16,450.
With 163 winners and 237 losers, the VN-Index lost 2.4 points, or 0.19%, closing at 1,260.36 points on Tuesday. Trading volume rose sharply to 643.1 million shares worth nearly VND16 trillion, up by 30% in both volume and value over the previous session. Block deals accounted for 122.4 million shares worth VND3.91 trillion.
In the VN30 basket, which groups the 30 largest-cap stocks, thirteen declined and nine others gained. Most decliners dropped less than 1%, except BID and HPG, which decreased 1.3% and 1.1%, respectively.
ACB, TCB, and other stocks in the group gained around 0.5%. As a result, the VN30-Index moved sideways, up by a slight 0.02% to 1,323.27 points.
DXS shares of Dat Xanh Real Estate Services JSC, an affiliated company of DXG, also plunged to its floor price of VND7,200, with a trading volume of over six million shares.
In contrast, several stocks hit their ceiling prices. YEG gained for the sixth consecutive session, rising to VND21,700 with 9.5 million shares traded. VOS also performed well, gaining over 6% with 9.5 million shares traded, marking its third-highest trading volume ever.
The HNX-Index of the Hanoi Stock Exchange remained flat at the close with a marginal decline of 0.07%, losing 0.15 points to 228.36 points. Trading volume on the northern market reached 51.3 million shares valued at VND981.6 billion.
