HCMC – Binh Duong Trade and Development JSC (HOSE: TDC) has plans to issue 35 million new shares through private placement to repay its bond debt.
Its board of directors will announce the selling price later, which will not be lower than VND10,000 per share. The share issue is expected to take place within this year after approval from the State Securities Commission. The shares will be restricted from trading for one year.
The company aims to raise VND350 billion, which will be used to partially buy back the bonds issued in 2020 under code TDC.BOND.700.2020. The bonds, with a total value of VND700 billion, will fall due in November 2025.
In its audited financial reports, A&C Auditing and Consulting Company has cast doubt on TDC’s ability to operate as a going concern, citing its accumulated losses of over VND317.8 billion as of the end of June this year, with short-term liabilities exceeding short-term assets by about VND1.1 trillion.
Closing the trading session today, September 16, TDC extended its losing streak to the third session with a 1.39% decline, at VND10,650 per share.
The benchmark VN-Index dropped by 12.45 points, or 0.99%, to close at 1,239.26 points today, with 312 losers and 97 winners.
Trading volume and value rose 26.1% and 20.7% over the previous session, with over 608 million shares worth VND13.49 trillion changing hands, respectively. Block deals accounted for more than 154.4 million shares valued at VND2.94 trillion.
The VN30 basket, which groups the 30 largest-cap stocks, saw 25 decliners. GVR was the sole gainer, up by 0.9% to VND34,900 per share, while four bank stocks—MBB, SSB, TCB and VIB—remained unchanged.
POW incurred the steepest loss, by 3.9% to VND12,300 per share, with over nine million shares traded. VHM, GAS, VRE, and VIC dropped between 2% and 2.9%.
Securities broker HCM took the lead by liquidity, with a matching volume of over 15.5 million shares.
On the Hanoi Stock Exchange, the HNX-Index lost 1.58 points, or 0.68%, to 230.84 points, with 58 stocks advancing and 96 others declining. Trading volume on the northern market reached 39.5 million shares valued at VND708.9 billion.
