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Friday, July 1, 2022

DGW to issue 72.5 million bonus shares

The Saigon Times

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HCMC – Digiworld Corporation, which is listed on the Hochiminh Stock Exchange with stock code DGW, has passed a plan to issue 72.5 million bonus shares to its existing shareholders, with the ratio of 8:10.

The bonus shares will be issued out of the company’s undistributed after-tax profit on its audited 2021 financial statement. After the share issue, DGW expects to see its charter capital rising from VND907 billion to over VND1.63 trillion.

The company will issue the shares in June or July this year after it receives the State Securities Commission’s approval.

In the first quarter of 2022, DGW gained over VND7 trillion in revenue and nearly VND211 billion in after-tax profit, reaching 27% and 26% of its 2022 targets, respectively.

DGW’s share price hit its record high of VND158,000 in April, but then the stock has seen much volatility.

Closing the session today, June 9, DGW improved 0.07% over the session earlier to VND139,200, with over 513,000 shares traded.

Meanwhile, the HCMC market turned bearish. With 219 advancers and 214 decliners, the benchmark VN-Index shed 0.11 point, or a fractional 0.01%, against the previous session at 1,307.8. Turnover on the southern bourse dipped 20% in volume and 24% in value, at over 465 million shares and over VND12.6 trillion.

On the Hanoi market, the outstanding performance of some large-cap stocks helped the HNX-Index escape losses. The index closed up 1.81 points, or 0.58%, compared to yesterday at 312.74.

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