Chairman of Vietbank registered to buy 7 million shares worth more than 75 billion

According to information from the Hanoi Stock Exchange (HNX), Mr. Duong Nhat Nguyen - Chairman of the Board of Directors of Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank) has just registered to buy 7 million VBB shares. The implementation period is from January 9 to February 7 with the reason of increasing share ownership. Currently, the Chairman of Vietbank is holding more than 16 million shares of the bank, equivalent to 3.36% of the voting shares. If the transaction is successful, he will increase his ownership ratio to 4.82%, equivalent to more than 23 million shares.

At the end of the trading session on January 5, VBB shares reached 10,800 VND. It is estimated that at this price, Mr. Duong Nhat Nguyen will have to spend more than 75 billion VND to buy all 7 million shares as registered.

Vietbank Chairman will spend about 75 billion VND to buy shares

Recently, Vietbank also announced that January 8 is the ex-right trading day to close the list of shareholders to offer 100.3 million shares to increase charter capital. The implementation rate is 21%, so shareholders owning 100 shares will be able to buy 21 new shares at a preferential price of VND10,000/share. If the offering is successful, Vietbank will increase its charter capital from VND4,777 billion to VND5,780 billion.

At the same time, Vietbank offered to issue 100,000 bonds to the public in the third phase, equivalent to 1,000 billion VND. These are non-convertible bonds, without warrants, without collateral, with a face value of 10 million VND/bond, a term of 7 years and interest paid once a year. The interest rate applied to the bonds is a floating interest rate, calculated by the reference interest rate plus a margin of 2.5% for the first 5 years and a margin of 3.5% for the last 2 years. The minimum number of registered purchases is 5 bonds, equivalent to 50 million VND. The expected issuance date is March 27.

The bank has not yet announced its full-year 2023 financial report. Previously, the third quarter 2023 financial report showed that in the first 9 months of the year, Vietbank achieved pre-tax profit of VND 418.52 billion, down nearly 12% compared to the same period in 2022.

Source link: https://thanhnien.vn/chu-tich-ngan-hang-vietbank-dang-ky-mua-7-trieu-co-phieu-tri-gia-hon-75-ti-185240105174350131.htm