Lien Viet Post Joint Stock Commercial Bank ( LPBank , code LPB) has just announced information to the Ho Chi Minh City Stock Exchange (HoSE) that Mr. Nguyen Duc Thuy (Bau Thuy), Chairman of LPBank's Board of Directors, has completed the purchase of more than 13.8 million additional LPB shares issued at a price of VND10,000/share on September 26.
LPB stock price fluctuations in the past 6 months
Accordingly, the amount of money Mr. Thuy spent to buy the above shares was more than 138 billion VND. After the transaction, Mr. Thuy holds a total of 61.629 million LPB shares.
At the end of the trading session on September 26, LPB shares were priced at VND13,200/share. At this price, all of Mr. Thuy's shares are worth more than VND813.5 billion.
Based on the price on September 28 of 13,600 VND, the above shares are worth 838 billion VND.
According to LPBank's capital increase plan, the bank will issue nearly 500 million additional shares to offer to existing shareholders at a rate of 28.9% (shareholders owning 100 shares can buy 28.92 additional shares). The offering price is 10,000 VND.
Recently, LPB announced an extension of the registration period for purchasing and paying for shares to October 9 instead of September 26 as announced. Thus, LPBank shareholders have two more weeks to prepare money to pay for additional shares.
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