HCMC – An Gia Real Estate Investment and Development Corporation (HOSE, ticker: AGG) has announced to cancel its plan to offer 40.6 million shares to existing shareholders, according to local media reports.
The company said that the decision was made to protect shareholders’ interests, as the market conditions were not suitable for the offering, and to ensure the feasibility of the issuance.
The Board of Directors will review and decide on conducting the public offering to existing shareholders at a more appropriate time, considering the company’s and shareholders’ interests while complying with regulations.
In October 2024, An Gia sought shareholder approval for a plan to issue shares to existing shareholders at a 25% ratio, offering more than 40.6 million shares at VND10,000 per share to mobilize around VND406.3 billion for bank loan repayment and investment.
Regarding stock performance, although AGG shares have seen a slight recovery recently, they remain far below their peak. Statistics show that from June 7, 2024, to February 19, 2025, AGG shares declined by 21.7% from VND21,720 to VND17,000.
Closing the trading session today, February 20, AGG continued to drop by 0.59% to VND16,900 per share, with 491,600 shares changing hands.
On the southern exchange, the VN-Index added 4.42 points, or 0.34%, at 1,292.98 points, with 254 winners and 205 losers.
More than 770.7 million shares worth VND16.3 trillion were transacted on the market, down by 5% in volume and 7% in value compared to the previous session. Block deal transactions contributed around VND1.3 trillion to the overall value.
The VHM stock remained the main driver of the market as it rose by 3.7% to VND40,500 per share, contributing nearly 1.5 positive points to the VN-Index. VHM’s trading volume in this session reached over 11.1 million shares, marking its most active session since late November 2024.
Several other blue-chip stocks also contributed, though to a lesser extent, including VIC, BCM, MWG, TCB, and GVR, with gains ranging from 1.4% to 2.2%.
Among mid- and small-cap stocks, NVL stood out as it hit its daily ceiling price again, closing up 6.9% at VND10,100. The stock recorded a trading volume of over 26.4 million shares, the highest in more than five months.
On the northern bourse, the HNX-Index inched up by 0.23 point, or 0.1%, against the day earlier at 238.02 points, with 90 advancers and 84 decliners. The total trading volume exceeded 62.1 million shares worth a total of VND1.05 trillion.
