HCMC – Thang Long Investment Group JSC, which trades its shares on the Hanoi Stock Exchange under the code TIG, will sell 24 million TIG shares to mobilize VND240 billion.
Four individual investors will buy these shares at VND10,000 per share, the local media reported.
Of the proceeds from the share sale, the firm will use VND192 billion to invest in Thang Long Phu Tho Investment Company, while the rest will be spent on debt payment.
Between January and September 2022, Thang Long Group reported VND609.3 billion in revenue, up 4.4% year-on-year, and VND179.4 billion in after-tax profit, surging by a whopping 93% year-on-year.
Closing the session today, January 4, TIG reversed course to lose over 3.5%.
Despite heavy profit-taking pressure on many bluechips, the VN-Index of the HCMC exchange gained 2.45 points, or 0.23%, from the session earlier, at 1,046.35, with 200 winners and 184 losers.
Over 646 million shares worth VND10.5 trillion changed hands, up 17.6% in volume and 14% in value, against the previous session.
In the group of bank stocks, lender VPB bucked the downtrend to end up and took the lead by liquidity with a matching volume of 42.5 million shares.
On the Hanoi exchange, the HNX-Index picked up a slight 0.5 point, or 0.23%, from the previous session, at 213.06 at the close, with 80 advancers and 84 decliners.
Securities firm SHS was the most actively traded stock with 13.5 million shares changing hands, but finished the day down.