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Tuesday, May 24, 2022

Nam A Bank gets VND2,860 billion from recent share issue

The Saigon Times

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HCMC – Nam A Bank (NAB) said it has finished distributing 143 million individual shares which were recently issued with a total value of VND2,860 billion.

The shares were bought by eight investors at VND20,000 per share. They are untradable for one year, beginning February 17, 2022.

After this share sale, M8 Trading and Services Company Limited holds a 0.3% stake in NAB, while seven other investors own 3.14-3.59% of the bank.

In December 2021, NAB issued around 57 million shares to pay a dividend of nearly 12.49% for shareholders.

Through share sales, the bank has revised up its charter capital to VND6.5 trillion.

NAB posted VND1,799  billion in after-tax profit in 2021, surging 79% versus 2020. The bank’s total assets rose 14.1% year-on-year to VND153,238 billion.

In related news, the local stock market rebounded on Friday after a steep drop yesterday.

The VN-Index of the Hochiminh Stock Exchange edged up 0.27%, or 4.04 points, to close at 1,498.89 points today, February 25.

Winning stocks outnumbered losing ones by 324 to 126. More than 768 million shares worth over VND25.6 trillion changed hands on the HCMC exchange, falling 33.8% in volume and 26.84% in value against the previous session.

On the Hanoi Stock Exchange, the HNX-Index gained 1.21%, or 5.28 points, to close at 440.16 points, with 171 winning stocks and 63 losing ones. More than 158.8 million shares worth some VND4.74 trillion were transacted on the northern market.

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