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Sunday, July 14, 2024

Dabaco to issue over 80 million shares

The Saigon Times

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HCMC – Dabaco Group, whose DBC shares are traded on the Hochiminh Stock Exchange, has announced its plan to issue nearly 80.67 million shares to its shareholders at a ratio of 3:1.

For every share held, shareholders will receive one purchase right. Each set of three purchase rights allows the acquisition of one new share at VND15,000.

Unsold shares will be offered to other investors at no less than VND15,000 per share. These shares will be subject to a transfer restriction for one year from the end of the offering period.

The list of shareholders exercising their share purchase rights will be finalized on July 16.

With this plan, the company is expected to mobilize around VND1.2 trillion to fund a soybean oil pressing and refining plant.

Closing the trading session today, July 11, DBC plummeted by 4.03% day-on-day to VND34,550 per share, with around 10.8 million shares changing hands.

On the southern bourse, the VN-Index of the Hochiminh Stock Exchange lost 2.14 points, or 0.17%, against the day earlier at 1,283.8 points, with 198 winners and 242 losers.

More than 697.2 million shares worth VND18.5 trillion were traded on bourse, down by 7% in volume and 15% in value against yesterday’s session. Block deal transactions contributed nearly VND2 trillion to the overall value.

Large-cap stocks declined slightly, mostly by around 1%. BVH, MSN and TCB led the losses, falling between 1.1% and 1.5%.

Lender VPB took the lead by liquidity, with 25.2 million shares traded. At the close of the trading session, VPB edged down by 0.78% to VND19,050 per share.

On the northern exchange, the HNX-Index added 0.84 point, or 0.35%, against yesterday’s session to end at 245.39 points, with 91 advancers and 79 decliners. There were more than 62.5 million shares traded, with a total value of VND1.4 trillion.

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