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Hoa Sen to issue five million ESOP shares

The Saigon Times

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HCMC – Hoa Sen Group, whose HSG shares are traded on the Hochiminh Stock Exchange, has announced to issue five million shares under an employee share ownership plan (ESOP).

According to the documents released by Hoa Sen Group for the upcoming annual general meeting scheduled for March 18, these ESOP shares will be exclusively available to leaders, managers, and key personnel of the company.

These shares are priced at VND10,000 and restricted from trading within one year from the issue date.

The company will also present to its shareholders plans to expand into new sectors, such as banking, securities, real estate, manufacturing, semiconductor, education, healthcare and tourism.

The total investment will not surpass VND5,000 billion.

Closing the trading session today, March 1, HSG edged up by 1.32% day-on-day to VND23,050 per share, with a trading volume of more than 9.5 million shares.

With winners outnumbering losers by 293 to 182, the VN-Index of the Hochiminh Stock Exchange improved by 5.55 points, or 0.44%, against yesterday’s session, at 1,258.20 points.

The trading volume reached nearly 962 million shares worth VND23.7 trillion, down by 11.93% in volume and 9.2% in value compared to the previous session. Block deals contributed more than VND1.68 trillion to the overall value, with some 71.32 million shares traded.

Mid-cap and small-cap stocks stole the spotlight today, with LCG being one of the best performers. At the end of the session, LCG rose by 6.9% day-on-day to its daily ceiling price of VND13,900 per share, with around 21.75 million shares transacted.

GEX soared by 4% to VND23,200 per share, with a trading volume of 36.7 million shares, placing it third by liquidity on the HCMC stock market.

The HNX-Index of the Hanoi Stock Exchange inched up by 0.97 point, or 0.41%, to 236.43 points, with 94 advancers and 63 decliners. There were 104.2 million shares changing hands today, with a total value of VND2.07 trillion.

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