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Tuesday, July 16, 2024

VNG to issue over one million ESOP shares

The Saigon Times

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HCMC – Tech giant VNG Corporation (stock code: VNZ) has announced to issue one million shares under the employee share ownership plan (ESOP).

Around 389,000 shares will be issued at VND30,000 per share and the remainder at VND10,000 each.

The Vietnamese technology firm is expected to receive around VND17.8 billion from this plan. The proceeds will be used to supplement the company’s working capital.

The shares will not be transferable within one year from the date of transaction.

Under its long-term incentive policy for employees, the company is planning to issue over 1.8 million shares to its employees at a price of VND10,000 per share in the 2024-2027 period.

Closing to the trading session today, September 7, VNZ shares plunged by 5.34% day-on-day to VND1,160,000 per share on the Unlisted Public Company Market, with 65,500 shares changing hands.

The VN-Index of the Hochiminh Stock Exchange inched down 2.36 points, or 0.19% compared to yesterday’s session, at 1,243.14 points, with 223 winners and 268 losers.

Trade volume totaled 1,127 million shares worth VND24.7 trillion, down 2% in value against the previous day. Block deals totaled more than 28 million shares valued at VND873.5 billion.

In the VN30 basket, GVR was the best performer today as it rose by 1.8% to VND22,400 per share. Meanwhile, VHM dropped by 1.4% to VND55,100.

SHB inched up 0.8% to VND12,750 per share and took the lead by liquidity in the VN30 basket, with over 35.2 million shares changing hands, while steel maker HPG declined by 1.2% to VND28,650 per share, with over 33.6 million shares transacted.

With 90 advancers and 93 decliners, the HNX-Index of the Hanoi Stock Exchange gained 0.78 points, or 0.3%, to 256.14 points. The total trading volume exceeded 117.3 million shares, with a value of over VND2.2 trillion.

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