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Wednesday, July 24, 2024

Deo Ca Infrastructure to issue over 267 million shares

The Saigon Times

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HCMC – Deo Ca Traffic Infrastructure Investment JSC, which trades its HHV shares on the Hochiminh Stock Exchange, will issue nearly 267.4 million shares to its existing shareholders.

The shares will be priced at VND10,000 each. If its shareholders do not buy new shares, the firm will sell them to others at a price of VND10,000 or higher.

The registration for share purchases will last from November 1 to December 1.

The proceeds from the share sale are expected to reach over VND2.67 trillion, VND182 billion of which will be used for capital contribution to some projects. Over VND392 billion will be spent on real estate projects, while the construction company will use VND492 billion to raise its operating capital. The rest will be poured into some expressway projects, such as Cam Lam-Vinh Hao and Trung Luong-My Thuan.

In the first half of 2022, HHV posted revenue of some VND915 billion and after-tax profit of VND159 billion, up over 15.5% year-on-year.

Closing the trading session today, October 13, HHV gained 3.3%, with a matching volume of over one million shares.

On the HCMC bourse, the VN-Index continued its upward trend, finishing up 16.18 points, or 1.56%, from the session earlier, at 1,050.99, with 265 winners and 183 losers.

Over 477 million shares worth VND8.9 trillion changed hands, dipping by 21% in volume and 22% in value against the previous session.

Many bluechips gained steam and became main drivers of the main index.

Steelmaker HPG ended up 4.3% and took the lead on bourse by liquidity with 24.1 million shares traded.

Upbeat investor sentiment and strong gains of largecaps pushed the HNX-Index of the Hanoi exchange up 1.31 points, or 0.59%, against the session earlier, at 224.74 at the close.

Securities firm SHS improved 1.2% and was the most actively traded stock on bourse with 4.9 million shares changing hands.

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