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Tuesday, June 25, 2024

Siba to issue 13.5 million shares

The Saigon Times

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HCMC – Siba High-Tech Mechanical Group JSC, which trades its SBG shares on the Hochiminh Stock Exchange, plans to issue 13.5 million shares to its shareholders to raise its charter capital.

The move comes just over a month after the company listed its stocks on bourse. If its share issue is approved, the firm would pay a 22% dividend and issue another eight million bonus shares to its shareholders. In other words, they will receive a total of 54 new shares for every 100 shares held.

The company also plans to offer existing shareholders the option to purchase 11.5 million more shares at a 100:46 ratio, meaning that for every 100 shares held, stakeholders can buy 46 new shares each. The starting share price will be VND10,000 each.

If the three issues succeed, its outstanding shares would double from 25 million to 50 million, raising its charter capital to VND500 billion.

Closing the trading session today, January 17, SBG edged down 0.63% to VND15,700 per share.

With 233 winners and 241 losers, the VN-Index of the southern exchange moved sideways, losing a slight 0.05% to 1.162.53 points.

Stock trade improved 25.9% in volume and 27.4% in value, with 769.8 million shares worth VND16.7 trillion changing hands. Block deals contributed 75.7 million shares and over VND1.6 trillion.

Securities stock VIX took the lead by liquidity today, with more than 52.8 million shares traded.

On the Hanoi bourse, the HNX-Index remained flat at 229.5 points, with 89 advancers and 72 decliners. There were nearly 75 million shares valued at around VND1.4 trillion changing hands.

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