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Tuesday, May 17, 2022

TSC to issue over 49 million shares to existing shareholders

The Saigon Times

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HCMC – Techno-Agricultural Supplying JSC (TSC) will issue more than 49.2 million shares to its existing shareholders.

The shares will be issued at a ratio of 3:1, meaning that for every three shares held, a stakeholder can buy one new share. The starting price of the shares will be VND10,000 each.

If successful, TSC’s charter capital will increase from some VND1.48 trillion to nearly VND1.97 trillion.

Shareholders can register to buy the shares and make payments between April 8 and 29.

Of the expected revenue of some VND492 billion, TSC will add over VND160 billion to the charter capital of its subsidiary–FIT Consumer JSC, and over VND332 billion to its working capital.

As for TSC’s performance in 2021, the company earned net revenue of VND517.5 billion, up 12.5% over 2020. Notably, its after-tax profit reached an all-time high, at VND132 billion, an eight-fold increase over 2020.

Closing the session today, March 24, TSC fell 2.63% at VND16,650.

On the Hochiminh Stock Exchange, the decline of large-cap stocks, mainly those in the banking sector, sent the VN-Index losing 4.08 points, or 0.27%, at 1,498.26 points. There were more than 784.9 million shares worth over VND24.8 trillion traded on the bourse, down 9% in volume and 11% in value day-on-day.

Meanwhile, the HNX-Index added 0.7 points, or 0.15%, at 462.8 points. The bourse saw some 116.3 million shares valued at VND3.7 trillion change hands.

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