HCMC – Vietnam Airlines (HOSE: HVN) will issue 900 million new shares to existing shareholders at VND10,000 each to raise up to VND9 trillion to repay debt and fund its operations.
The national flag carrier has announced July 22 as the record date for finalizing the list of shareholders eligible to participate in the rights offering.
The offering is targeted at existing shareholders, with a subscription ratio of over 1:0.406, meaning shareholders holding 1,000 shares will be entitled to purchase more than 406 new shares.
Any fractional shares arising from the allocation will be rounded down. Shares that are not subscribed or paid for will be offered to other investors at a price not lower than VND10,000 per share.
These unsubscribed shares will be subject to a one-year lock-up period from the end of the offering or from a date determined by the board of directors.
The transfer window for purchase rights will run from August 7 to September 3, with each right transferable only once. The subscription and payment period will last from August 7 to September 8.
Proceeds from the share sale are earmarked to settle due and overdue payables to suppliers, refinance part of existing loans (around VND6 trillion), and service short- and long-term debt (around VND3 trillion).
Closing the trading session today, July 10, HVN fell by 0.79% day-on-day to VND37,800, with nearly 1.97 million shares changing hands.
On the southern exchange, the VN-Index closed up 14.32 points, or 1.00%, at 1,445.64, with 185 stocks advancing and 119 declining.
Trading activity cooled, as market volume fell to over 1.13 billion shares worth VND27.65 trillion, down 25% in volume and 22% in value compared to the previous session. Block trades contributed more than 37 million shares valued at a total of VND1.17 trillion.
Vingroup stocks were the main drivers of the VN-Index in today’s session, with VIC and VHM together contributing more than 10 points to the index’s overall gain.
VIC surged by 7% to VND101,600, its highest level since January 2022, while VHM advanced 5.1% to VND86,000, approaching its record high of nearly VND90,000 per share. Meanwhile, VRE climbed 6.2% to VND28,450.
Other notable blue-chips included VJC and SHB, which rose 2.1% and 2.5%, respectively. PLX, SSI, MSN, and HPG also posted gains between 1.2% and 1.6%. Among them, HPG and SHB led in trading volume with 85.2 million and 77.6 million shares matched, respectively, while SSI saw 51.7 million shares traded.
The HNX saw 94 advancers and 68 decliners, with the HNX-Index edging down 0.19 point, or 0.08%, to 238.44. Matching volume totaled over 122.3 million shares worth a combined VND2.12 trillion.
