HCMC – Gemadept Corporation plans to offer nearly 103.5 million GMD shares to existing shareholders to increase its charter capital from VND3.1 trillion to over VND4.1 trillion.
Shareholders will be able to buy three new shares for every share held at VND29,000. The share sale is set for this year, subject to the approval from the State Securities Commission.
If the share issue succeeds, the firm will have over VND3 trillion. It intends to use VND2.2 trillion from the proceeds to buy fixed assets, including three 1,800 TEU vessels, two 85-ton STS cranes, and seven 248 TEU barges.
The company will allocate VND230.6 billion to repay bank loans and invest VND557.7 billion in its subsidiary Nam Dinh Vu Port JSC for business operations and debt repayment.
In the first quarter of this year, the company reported net revenue of over VND1 trillion, up by 11% over the same period last year, and net profit of VND656 billion, rocketing 2.5 times year-on-year.
Closing the trading session today, July 17, GMD edged down by 0.37% to VND81,000 per share, with a matching volume of over two million shares.
The VN-Index shed 12.52 points, or 0.98%, to 1,268.66 points, with losers far outnumbering winners by 369 to 109.
Trading volume and value surged by 79% over the session earlier to more than 1.2 billion shares worth VND29.3 trillion. Block deals accounted for 51.4 million shares valued at VND1.2 trillion.
The VN30-Index saw mixed performance, with nine stocks advancing and 17 others dipping. Despite the overall negative trend, the banking sector’s performance helped the VN30-Index gain 2.07 points, or 0.16%, to close at 1,305.37 points.
All gainers within the VN30 basket were bank stocks, with TCB rising the highest at 4.41%. MBB stole the limelight with a 4.03% increase to VND24,500 with substantial trading volume of 72.36 million shares, the highest on the southern exchange.
Other bank stocks advanced between 0.11% and 1.82%. SHB was the only bank in the red, edging down by 0.42%. However, it was the second most actively traded stock, with over 47.9 million shares changing hands.
GVR and POW hit their daily floor prices, closing at VND35,550 and VND13,900 respectively, due to strong selling pressure.
In the securities sector, all stocks closed down. FTS suffered the largest decline, falling 4.71% to VND40,500. Other decliners lost 2% to around 4%.
The HNX-Index lost 4.01 points, or 1.64%, to 240.9 points, with 33 advancers and 150 decliners. The total trading volume on the Hanoi Stock Exchange reached 95.1 million shares valued at a total of VND2.1 trillion.
