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Hung Thinh Incons to issue 89 million shares

The Saigon Times

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HCMC – Hung Thinh Incons JSC, whose HTN shares are listed on the Hochiminh Stock Exchange, has announced a plan to raise its charter capital by issuing 89.12 million shares to its existing shareholders.

Its shareholders can buy one more share for each share held at a price of VND10,000.

Hung Thinh Incons will start the share sale in the fourth quarter of this year, right after receiving approval from the State Securities Commission. Any shares unsold will be offered to other investors and not be transferable for one year from the final date of transaction.

With this share sale, the company is expected to raise its charter capital from VND891.1 billion to VND1.78 trillion.

In related news, the major shareholder of the company, Hung Thinh Investment JSC, has registered to sell 5.84 million HTN shares to restructure its investment portfolio. This transaction is scheduled to last from September 29 to October 29.

At the close of the trading session today, September 28, HTN fell by 3.87% over yesterday’s session to VND16,150 per share, with over 1.2 million shares transacted on the southern bourse.

Regarding the HCMC stock market today, the VN-Index of the Hochiminh Stock Exchange lost 1.42 points, or 0.12%, to 1,152.43 points, with 211 advancers and 282 decliners.

Trade on the southern bourse totaled over 691.1 million shares worth nearly VND15.9 trillion, plummeting by 20% in volume and 13% in value over the previous session. More than 42 million shares valued at VND1.3 trillion were traded in block deals.

Brokerage VIX took the lead by liquidity with over 31.3 million shares changing hands. Closing the trading session, VIX declined by 3.93% to VND15,900.

Lenders STB and SSB came under strong selling pressure. SSB plunged by 4.8% to VND25,000, while STB fell by 3.3% to VND30,750.

With 76 winners and 90 losers, the HNX-Index of the Hanoi Stock Exchange lost 1.34 points, or 0.57%, to 234.5 points. There were 82.3 million shares worth a total of VND1.77 trillion traded on the northern market today.

PVC and PVS stole the spotlight on the northern bourse, gaining 4-5% at VND18,000 and VND39,500, respectively.

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