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Thursday, June 13, 2024

CTF to issue 3.8 million ESOP shares

The Saigon Times

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HCMC – City Auto Corporation (CTF) has announced it will issue over 3.8 million shares under the employee share ownership plan with a price of VND15,000 per share.

The shares will not be tradable within one year from the date of issue and will be bought back if the holders quit their job within the period, with the share price equal to the selling price.

The firm plans to issue the shares between the second and third quarters of this year.

In 2022, the company posted nearly VND6.3 trillion in revenue, surging by 40% over 2021, while its profit after tax increased 2.2-fold year-on-year to VND117 billion.

Closing the trading session today, March 14, CTF lost 1% over the previous session to VND34,500 and reported a matching volume of 518,100 shares.

The strong selling pressure dragged the benchmark VN-Index of the Hochiminh Stock Exchange down 12.67 points, or a drop of 1.2% against yesterday’s session, at 1,040.13, with 56 winners and 365 losers.

There were nearly 621.2 million shares valued at over VND10.4 trillion changing hands on the southern bourse, with trading value and volume slightly lower than the session earlier. Over 62 million shares transacted in put-through deals contributed VND1,290 billion to the overall value.

Steel stock HPG took the lead by liquidity today, with over 30.8 million shares traded.

With 58 stocks rising and 115 others dipping, the HNX-Index of the Hanoi Stock Exchange slid 3.3 points, or 1.6%, versus the previous, at 202.83.

Trade on the northern bourse amounted to VND1,140 billion with over 78 million shares changing hands, surging by 54% in both value and volume.

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