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TDM wants to issue 10 million shares

The Saigon Times

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HCMC – Thu Dau Mot Water Joint Stock Company, which trades its TDM stocks on the Hochiminh Stock Exchange (HOSE), has announced it will sell 10 million shares to its existing shareholders.

The issue is expected to bring the company VND300 billion, equivalent to VND30,000 per share. With every 10 shares held, shareholders are entitled to buy one new share.

According to its plan, the firm will buy stakes in Can Tho Water Supply – Sewerage JSC for VND143 billion, Ca Mau Water Supply JSC for VND54.2 billion, and Gia Tan Water Supply JSC for VND35 billion.

The remainder will be used to repay debt to Binh Duong Development Investment Fund and Shinhan Vietnam Bank.

This year, the company looks to obtain VND642.2 billion in revenue and VND298.4 billion in profit after tax, surging 27% and 35% over the same period last year, respectively.

Closing the session today, March 27, TDM improved 0.27% against last Friday to VND36,750 and reported a matching volume of 171,200.

With 245 winners and 138 losers, the benchmark VN-Index of HOSE gained 5.46 points, or a fractional 0.52%, over the session earlier at 1,052.25.

Trade on the HCMC exchange dropped over 3.9%% in volume but increased nearly 2.9% in value against the previous session, with around 557 million shares worth over VND9.7 trillion changing hands. Nearly 46.5 million shares traded in block deals contributed about VND1.3 trillion to the overall value.

Lender SHB took the lead by liquidity today with more than 36.9 million shares traded, increasing 1.4% versus the previous session, at VND10,650.

On the Hanoi exchange, the HNX-Index edged up 0.95 point, or 0.46%, from the previous session, at 206.67, with 96 advancers and 65 decliners.

Trade on the Hanoi Stock Exchange amounted to nearly 63.3 million shares with a value of nearly VND832 billion. More than 2.8 million shares valued at VND78.2 billion were transacted in put-through deals.

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